Complete Family Wealth. Keith Whitaker

wealth is a question of human behavior.

      2 The most fundamental assets of a family are its individual members.

      3 The complete wealth of a family includes the human, legacy, family relationship, structural, and social capital of its members. The family's financial capital is a tool to support the growth of its qualitative capital.

      4 To preserve its complete wealth successfully, a family must form a social compact among its members that reflects its shared values, and each generation must reaffirm and readopt that social compact.

      5 To preserve its complete wealth successfully, a family must agree to create a system of representative governance through which it actively practices its values. Each generation must reaffirm its participation in that system of governance.

      6 The mission of family governance must be the enhancement of the pursuit of happiness of each individual family member. This pursuit will enhance the whole family and further the long-term preservation of the family's complete wealth: its qualitative as well as financial capital.

PART TWO