Family Charters play an important role in formalising how a family approaches decision-making, wealth management and long-term planning.
These documents set out guiding principles, define roles and responsibilities, and establish processes for managing key issues, such as how the family business is to be run or what is the long term strategy. They can also help clarify the relationship between different elements of a family’s structure, such as family members, trustees and any family office arrangements.
A well-structured Family Charter may include provisions relating to governance, the management of family assets, the distribution of income or capital, and approaches to investment and succession. It can also provide a framework for addressing potential areas of disagreement, helping to reduce the risk of conflict.
We support families in developing and refining these documents, ensuring that they are practical, effective and aligned with long-term objectives.
Contact our Private Wealth Partners at TE Wealth
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Wealth Protection Partners for Family Governance
Multi-generational businesses are precious and unique, requiring managers to balance profitability with the changing dynamics of family life.
We are proud to have helped numerous family businesses adapt, expand and thrive through good times and bad. Our specialist Private Wealth partners understand the nuances you face and will provide considered, innovative advice to make the most of the problems, challenge and opportunities you face.
We will ensure you have the right structures, strategies and support in place to respect your family history and values, whilst moving the business forward in line with your long-term plans.
