The Statement is unique and incorporates values, goals as well as objectives, which the family stands by and wishes to pass on to future generations. It’s the product of focused reflection, discussion and deliberation across family stakeholders.
The second critical piece required is the family’s Governance Statement, which ensures that all values and goals stated in the family mission statement are reflected in the way family decisions are made to best preserve the family’s wealth.
Governance requires the establishment of guidelines that set out how the family functions. These guidelines outline conventions to address transition, communication, estate planning, philanthropic, and dispute resolution issues. Moreover, governance requires the execution and monitoring of the defined policies.
Harris Moor Finance also provides philanthropic services aiming at assisting wealthy families sharpen their strategic focus, leveraging the impact of their giving, and measuring the effectiveness of their philanthropic gifts. Harris Moor Finance can work with you to set up a charitable foundation, or a planned giving strategy that is aligned with your family’s values and is tax effective.