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Family Assembly

Related terms: family assembly, family governance, family council, family office, estate planning

What is a Family Assembly

A Family Assembly is a gathering of all family members to discuss and inform about matters concerning the family enterprise and wealth. It serves as a platform for communication, decision-making, and education regarding the family’s financial interests and legacy.

Purpose of a Family Assembly

The primary purpose of a Family Assembly is to ensure alignment among family members on the goals and strategies of the family enterprise. It fosters transparency, strengthens family bonds, and provides an opportunity for members to voice their opinions and learn about the management of family wealth.