In affluent families, communication is the cornerstone of lasting legacy. Wealth alone does not guarantee harmony—intentional dialogue does. Family meetings, when structured thoughtfully, provide a vital space for clarity, connection, and long-term governance.
While the idea of family meetings may seem formal or unnecessary, many families discover they’re the single most powerful tool in avoiding conflict, aligning values, and preparing the next generation for responsibility.
A family meeting is not a board meeting. It’s not a place for performance or competition. It’s a safe, structured environment where family members can share perspectives, make collective decisions, and learn about their shared wealth story.
Topics may include:
Many families struggle to start—or sustain—effective meetings. Here are best practices we recommend:
Younger family members may feel intimidated or excluded if meetings are overly formal or technical. To include them meaningfully:
Early involvement helps develop leadership, stewardship, and a sense of ownership in the family legacy.
We’ve seen families who once avoided difficult topics now thrive through regular meetings. In one case, a three-sibling trust was near collapse due to communication breakdown. A series of bi-annual meetings with a neutral facilitator helped them redefine roles, restore trust, and create a shared vision for their philanthropic arm.
Another family introduced their children (ages 17–25) into governance gradually through summer sessions, open forums, and legacy projects. Now, the next generation leads their charitable giving program with pride and unity.
Family meetings are not about perfection—they’re about connection. When held regularly, they become a space where legacy evolves, not just transfers.
Don’t wait until a crisis forces conversation. Begin with one thoughtful agenda, one shared meal, one honest question. That’s how legacy starts living now.