All articles by Barbara Hauser

Charities, philanthropy, education and family offices

Family Governance is how families make decisions together. If they create a good system, i.e. one that includes transparency, accountability and participation—they should be able to avoid the family fights that often occur in inheritance-related disputes. The process the family follows in creating a good governance system is easy to understand but requires the commitment of all family members. By simply going through a good process to create documents like a Family Constitution or a Family Mission, the family is at the same time practicing...

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multifamily2

Should we have a Family Constitution and what should it cover?

Family Governance is how families make decisions together. If they create a good system, i.e. one that includes transparency, accountability and participation—they should be able to avoid the family fights that often occur in inheritance-related disputes. The process the family follows in creating a good governance system is easy to understand but requires the commitment of all family members. By simply going through a good process to create documents like a Family Constitution or a Family Mission, the family is at the same time practicing...

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familybusiness

How to create Family Governance in your family

Family Governance is how families make decisions together. If they create a good system, i.e. one that includes transparency, accountability and participation—they should be able to avoid the family fights that often occur in inheritance-related disputes. The process the family follows in creating a good governance system is easy to understand but requires the commitment of all family members. By simply going through a good process to create documents like a Family Constitution or a Family Mission, the family is at the same time practicing...

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family governance

Why is Family Governance so Important?

Family Governance is how families make decisions together. If they create a good system, i.e. one that includes transparency, accountability and participation—they should be able to avoid the family fights that often occur in inheritance-related disputes. The process the family follows in creating a good governance system is easy to understand but requires the commitment of all family members. By simply going through a good process to create documents like a Family Constitution or a Family Mission, the family is at the same time practicing...

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family governance

Raising Wealthy Children

Raising Wealthy Children “Mommy, are we rich?” is a question parents dread and do not know how to answer. This article gives a number of practical suggestions for parents. The key guidance is to answer truthfully (as with all other topics) but also to understand what the child’s questions are really about. The values that are passed along about money and wealth become nearly unconscious and always quite emotional. Many say the topic is harder to talk about than sex! Has your child asked “Mommy, are we rich?” or “Daddy, are we rich?” Do you...

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wealthychildren