subscribe
back issues
reprints
contact us
Wealth in Perspective
Wealth Management
Thought Leaders
Money and Meaning
Passion Investments
Wealth Management Sourcebook
Multifamily Office 2008
Previous Issues Index
/ Home / Editorial / Passion Investments / Property /
Property
Atoll Tale
Laura Walbert
08/02/2004


The costs of island access and management may also be significant. We must decide whether we can leave the island vacant part of the year, or whether we need a full-time caretaker. On the islands of the Pacific Northwest, hiring a caretaker is uncommon. However, Dillard notes, most developed Caribbean islands come with a resident caretaker. Security is also important. Larger islands may be preyed upon by squatters and are prone to vandalism, fires and other problems. “Security is a big issue when you are there,” Roulac explains. “It is an even bigger issue when you are not.”

Despite these challenges, many owners do indeed find private island ownership agreeable. Gudgell resided on a 4½-acre private island, which he named Allegria Island (yes, we can name our island), for 17 years, while raising a family and running his business. “You live with the rhythms of nature,” he recalls. “It’s a good way to live a life.” 
1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 |
Printer Friendly Version  Email a Friend


Related Articles
» Resources
 
Get a FREE ISSUE and a FREE GIFT

Simply fill out this form to receive a complimentary issue of Worth and a FREE gift ("The top 25 Questions for Your Private Banker"). If you like the magazine, you’ll pay just $36 for 5 more issues (6 in all). If it’s not for you, you can return your invoice marked "cancel", and owe nothing. The FREE issue and FREE gift are yours to keep.
Name
Address
Canadian orders click here
International orders click here

Unsubscribe from subscription emails click here
 



Family Office Wealth Conference