#93 – Family Constitutions (AKA the strength of a family, lies in its loyalty to each other)

As (infamously) confirmed by The Godfather, the success and the strength of a family, lies in its loyalty to each other.

Historically a tool almost exclusively leveraged by high net wealth families, increasingly family constitutions are being used as an approach to help manage wealth across generations.

There are however significant risks with family constitutions that all advisers in the holistic estate planning space need to be aware of.

This webinar will use story sharing to explore the key aspects of family constitutions, including:

1. Why family constitutions can be useful
2. What key issues should be addressed in any family constitution.
3. When should morally binding arrangements be entered into
4. When should legally enforceable arrangements be used
5. What are the key risk areas advisers must avoid

For access to more webinars and resources join one (or all) of the View Communities.

Reminder to View Community members – join us in the FaceBook group for a deeper conversation about this topic and how you can leverage your learnings for your customers.

Not a member? Learn about View’s online mastermind communities below to see which one (or three) suits the needs of you and your business.

Techniview: For advisers working in holistic estate planning (including trusts, asset protection, superannuation, tax and business succession) 

Adviewser: For advisers wanting to facilitate legal solutions for their customers in holistic Estate Planning 

Viewruption: For professional service providers wanting to iterate their business model (including abandoning timesheets)

Related articles and resources:

PODCAST: #79 – Family Trust Deeds: What all advisers must know

PODCAST: #69 – Agribusinesses + Trusts: The formula to avoid Failure

Listen to View’s previous episodes here.