Cleardocs
is pleased to announce a new addition to our Estate Planning suite.
You
can now use Cleardocs to create a Family Constitution. This is a non-legally binding
document that sets out a family’s wishes for achieving harmony within an
intergenerational family business. It is designed for use in any country.
Order
the Cleardocs Family
Constitution online for $385.00 (incl.GST) now.
What
is a Family Constitution?
The
Family Constitution is a record of policies developed collaboratively by the
family. The family may choose policies currently relevant to them while leaving
others until later. They may also customise the details of the policies for the
family’s particular circumstances.
The
Family Constitution helps families to:
•
focus on communications, development and
harmony;
•
transition the stewardship and ownership
of family wealth, including business interests, to the next generation; and
•
maximise benefits and manage complexities
of being a family in business.
What topics does the Family
Constitution cover?
Having a
Cleardocs Family Constitution in place allows the family to record, among other
things:
•
the family’s values and principles;
•
family aspirations for their business interests;
•
establishment of a governance structure;
•
decision-making and conflict resolution;
•
policies for important matters such as the employment of family members
in the family business and education and development of family as current and
future stewards;
•
overarching investment strategy;
•
communication within the family and the business; and
•
liquidity and the entry into and exit from the family business.
The Family Constitution has been expertly drafted by
family business advisory firm FINH.
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