Wealthy families now embrace a “family constitution” that not only regulates money matters but also a value system
MUMBAI: A growing number of India’s wealthy families, driven by their younger members, are adopting a “family constitution” that sets out principles that govern wealth creation, philanthropy, succession planning and the family’s larger goals. Part legal blueprint, part moral compass, these charters attempt to codify not just money matters but the family’s value system. Many … Read more