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Drafting your Family Mission Statement

New Capital stands ready to help you and your family members draft your own family mission statement. Let us know how we can help you.


Does your wealth have a purpose?

It’s an important question to consider and, ultimately, to act on. By taking the time to collectively define and document an objective for your family’s wealth, you can lay a foundation for enduring values, a smooth wealth transition, and a lasting legacy across generations.

Family History

  • Pick a handful of anecdotes that reveal your family’s financial journey and core values. Go back three generations and work forward to events within the memory of all family members.

    • Emphasize: crucial decisions, hardships that were overcome, mistakes and lessons learned, guiding principles, values to carry over into future generations.

Family Mission

  • The length of a mission statement varies with each family. It can be a few sentences, a few paragraphs, or even a few pages long. Start by getting some general thoughts on paper, and keep in mind that this is a fluid document you can always amend over time. Most important, your family should work to reach a consensus, incorporating input from everyone

    • Consider: lifestyle, education, philanthropy, family business, family bonding, entertainment, future generations, asset growth/preservation, accountability, individual initiative, community, religion

Use this worksheet from Vanguard to help draft your family mission statement.


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