by James E. Hughes, Jr., Esq. | Summary :
The article The Family Balance Sheet explains that true family wealth is not only financial capital, but also human, intellectual, social, and spiritual capital.

The article emphasizes that the most important assets of a family are its members. Financial capital should support the growth of family members’ well-being, knowledge, relationships, shared purpose, and long-term flourishing.

It also explains that families should actively grow their qualitative capitals through health support, education, family meetings, governance, storytelling, gratitude, shared values, and community involvement.

The article introduces the Family Balance Sheet as a tool for measuring these qualitative capitals. By answering reflective questions, families can identify strengths, weaknesses, and opportunities for growth over time.

In conclusion, the article argues that families preserve wealth best when they measure and nurture all five forms of capital, not just money.

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FamilyBalanceSheet