Setting up family members

Foliostone makes it easy to model your family structure for comprehensive wealth management.

To add a family member, go to the Entities section and create a new natural person entity. Enter their name, date of birth, and relationship to the primary account holder.

Once created, you can assign assets to family members, model joint ownership, and track each person's individual net worth within the family group.

Family roles help organize your structure: designate a primary account holder, spouse/partner, children, and extended family. This information is used for estate planning simulations and donation allowance calculations.

You can also invite family members as workspace collaborators with different access levels. An OWNER has full control, while a VIEWER can see reports without making changes.

Tip: Set up your complete family tree early. This enables Foliostone to provide accurate estate planning insights and inheritance simulations.