The possibility of a second Trump administration heralding significant regulatory and tax policy changes for the ultrawealthy and their family offices is, to put it mildly, substantial.
For decades, family offices have operated within an opaque legal framework marked by limited guidance, oversight, or public disclosure. They also have navigated a labyrinthine tax code riddled with uncertainties. Trump 2.0 could fundamentally alter this landscape, even if Congress takes little to no legislative action.