by James E. Hughes, Jr. (2000) | Summary :
The article How Does a Family of Means “Inventory” or Evaluate Its Next Generation? explores how families of wealth should assess the readiness of the next generation without creating fear, dependency, or pressure to fulfill someone else’s dreams.

Hughes explains that evaluation should begin with purpose. The goal is not to judge whether younger family members match the expectations of older generations, but to understand how the family can support each person’s pursuit of happiness, self-awareness, calling, and independence.

The article emphasizes that families should evaluate human and intellectual capital first. Important questions include whether each person is free or dependent, self-aware, pursuing a calling, able to express love, compassion, gratitude, joy, humility, and capable of participating meaningfully in society.

Hughes also discusses financial competence, but places it in proper context. Not every family member is called to a financial career, yet each should understand stewardship, risk and reward, family governance, advisors, and their responsibilities as beneficiaries, owners, or participants in family structures.

In conclusion, the article argues that family evaluation should be a joyful and constructive process. Its purpose is to help each family member grow into a free, independent, and self-aware person while helping the family preserve its human, intellectual, and financial capital across generations.

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HOW DOES A FAMILY OF MEANS