What it is
A family constitution, sometimes called a family charter or family creed, is a written statement of how a family intends to work together around shared wealth, businesses and responsibilities. It usually captures values, purpose and the principles that guide major decisions.
It is typically different from a legal document such as a will or trust. Many family constitutions are not legally binding. Instead, they act as a shared reference point that records the family's intentions, roles and expectations in everyday language.
Topics often covered include how family members take part in decisions, how disagreements are raised and resolved, how younger members are prepared for responsibility, and how the family thinks about philanthropy, employment and communication. What is included varies widely from one family to the next.
How it’s traditionally been approached
Traditionally, families have developed a constitution over time, often when a business or significant wealth begins to involve a second or third generation. Some begin with a series of family meetings where members talk through shared values and hopes.
Many families have worked with an outside facilitator, attorney or governance specialist to guide discussions and help put the agreed ideas into writing. Others have drafted a first version themselves and refined it with professional input later.
The document is often treated as a living resource rather than a finished product. Families commonly revisit it as circumstances change, such as new generations joining, new businesses, or shifts in family priorities. Approaches differ, and no single method is right for every family.
How the right advisor may help
The right governance and succession advisor may help a family turn broad ideas into clear, workable language. A good advisor may also help create a calm, structured space where every voice, including quieter or younger members, can be heard.
A first conversation is generally exploratory. An advisor may ask about the family's makeup, the assets or businesses involved, past decision-making habits, and what prompted the interest in a constitution. They may describe how they typically facilitate discussions and how they coordinate with a family's attorneys and other professionals.
Questions worth asking include: How do you involve the whole family? What is your experience with families like ours? How do you work alongside our existing legal and tax advisors? What does the process look like from start to finish? Confirm each advisor's licensing and credentials directly, since directory listings are independent.
The bigger picture
Putting a family's values and expectations into words can bring real peace of mind. Clear shared understandings may reduce uncertainty, ease tension around money and succession, and help relationships feel steadier. The conversations themselves can also be emotional, so pacing and patience matter.
Wellbeing and finances are closely linked in family life. Many people find it helpful to approach the process with care for everyone's feelings, not just the practical details. If stress around family dynamics feels heavy, support from a trusted counselor or professional may be worth considering.
Keep in mind
- A family constitution is generally a statement of values and intentions, not a substitute for legal documents prepared by a licensed attorney.
- Every family is different, so a document that suits one family may not suit another.
- Directory listings are independent advisors, and the site does not vouch for any individual's qualifications.
- Confirm all decisions about legal, tax and financial matters with your own licensed advisors.
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Frequently asked questions
What is a family constitution?
A family constitution is a written document that sets out a family's shared values, decision-making approach and expectations around wealth, businesses and relationships. It is usually a guide rather than a legal contract. Families tailor it to their own situation.
Is a family constitution legally binding?
Often it is not, because many are written as statements of intent rather than enforceable agreements. Some elements may be connected to legal documents, so ask your own attorney how your situation is treated. This page does not provide legal advice.
Who should be involved in creating a family constitution?
Typically, family members across generations are invited to take part, sometimes with a facilitator or governance advisor guiding the discussion. Families decide who participates based on their size, structure and goals. Your licensed advisors can help you think through what fits.
What is usually included in a family constitution?
Common topics include family values and mission, decision-making and communication, roles in family businesses or assets, preparing next-generation members, and how conflicts are handled. The content varies widely. There is no single required format.
How is a family constitution different from a will or trust?
A will or trust is a legal instrument that directs how assets are handled, while a family constitution usually describes values and how the family intends to work together. They can complement one another. Confirm how they fit together with your attorney.
Can a family office services provider help with a family constitution?
Yes, some family office services providers and governance advisors may help facilitate the process and coordinate with your other professionals. What they offer differs, so ask about their approach and confirm their credentials. Outcomes are never guaranteed.
Educational resource. Family Office Audit shares general information and connects people with independent advisors. It is not professional advice. Talk with a qualified professional about your own situation.