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The family mission statement may be short or long, one page or many. What is essential is that it be inspirational, achievable, and visionary.
It should be clear, non-ambiguous, and written in simple terms. It must be understood by all parties and be easy to remember.
You do not need to be exceedingly wealthy to consider drafting a family mission statement. Any family that wishes to perpetuate its vision, define its philanthropic objectives, and preserve its family wealth could benefit from this forward-looking and creative method.