3 Ways a Family Charter Can Help Support Your Legacy

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January 18, 2024 • 13 mins

Under the right conditions, money does grow on trees.

You heard that right.

And to be clear, money can only grow on trees when it grows from a family tree.

How so?

Well, when each successive generation in a family tree works together, they can produce a varying measure of wealth that benefits each family member and their broader community.

And so, what's the catch?

Well, the catch is that wealth produced by your family doesn't just happen on its own because it's cultivated with intention and forethought.

Indeed, this work involves deliberate planning that defines your family's purpose, lays out how your family will address conflicts and repair ruptures, and ultimately defines how your family will respond to inevitable life changes.

And so, how do you go about creating a plan to grow a family tree that produces fruit for generations to come?

Well, you can start by creating a family charter first, then focusing on the money.

You see, it's one thing to simply gather financial assets. And it's another to cultivate an environment where your family is willing to cooperate and work together to wisely steward those financial resources and raise up a tree that bears fruit for generations to come.

To be sure, whether you have young kids at home, your children are grown and out of the house, or your family involves your community of friends, creating a family charter, or often referred to as a family constitution or family compact, can help ensure that your family tree eventually prints cash to benefit your family and community for future generations.