Estate Planning
Estate Planning
Since ancient times, a strong foundation has been recognized as the cornerstone of sustainable success. The key elements that form such a foundation are a clear vision, a systematic and adaptable framework, and rigorous governance—all anchored by the core values that drive individuals and families forward.
These foundational principles are universal, transcending all aspects of life, particularly when the legacy of a family spans generations. A shared vision, a sense of belonging, responsibility, and an environment that nurtures both growth and comfort are the values that transform a house into a home. However, ensuring these sentiments are passed down through generations can be challenging without structure. This is where a Family Charter—a living, dynamic document—becomes essential.
Also known as the Family Constitution, the Family Charter serves as an evolving guide, offering clarity and direction for both family and business governance. It outlines how the family can plan for the future, manage unforeseen circumstances, and pursue individual goals while remaining interconnected. Importantly, it helps ensure that the family stays united, even as independent paths are pursued. The Charter can address family dynamics, governance structures, conflict resolution mechanisms, and regular family gatherings, including vacations, to strengthen bonds over time.
In addition, the Family Charter can incorporate the family’s succession plan and encompass vital legal documents such as wills, trusts, and shareholder agreements. It serves not only as a guiding framework but also as a repository for essential agreements that ensure continuity across generations.
The generation that builds the wealth is often deeply connected to the roots of the family’s success and the values that underpin it. However, they may underestimate the unique challenges and ambitions of the next generation, which is typically more exposed, educated, and eager to take risks. This new generation may not fit into familiar moulds, but by embedding the family’s core principles into a Family Charter, these values can endure while allowing flexibility for change.
A home is more than just bricks and mortar—it’s a shared legacy. The Family Charter provides the guiding light for that legacy, ensuring that it remains strong even through the most challenging times.
A Career Shift to Entrust: Embracing New Challenges After working for 24 years in Retail Banking, I was looking for a change. When I got the call from Entrust, I deliberated but ultimately decided to take up the role of Head of Operations and Client Services. While Operations and Client Services were familiar domains for […]
In a world where financial landscapes evolve rapidly, the role of an advisor is no longer just about offering solutions—it’s about thinking ahead, anticipating needs, and providing clarity even before challenges arise. True advisory is not transactional; it is built on deep trust and understanding. It requires stepping into the client’s shoes, seeing the world through […]
A Journey with Purpose My journey with Entrust began with a clear vision—I wanted to focus on advisory, but such roles were scarce in the industry. Then, I came across a LinkedIn post by Raj, and the rest, as they say, is history. Entrust provided the perfect platform where I could focus on what I […]
signup for updates
