Family Law

Is My Family Constitution Unconstitutional?

by Allison Anna Tait
Every high-wealth family should write a constitution, at least that’s what wealth managers say. Because, “[w]ithout careful planning and stewardship, a hard earned fortune can easily be dissipated within a generation or two.” The aphorism “shirtsleeves to shirtsleeves in three generations” vividly captures this phenomenon and its universalism demonstrates how widespread and entrenched the problem is.