Episode 17 The Million Dollar Document

What’s the most powerful document a family can have? What’s the most powerful document a family can have? Most of us would think it's your will - but there’s another important document that can shape your family’s legacy for generations, its a Family Constitution. In this episode, host Narelle Hooper sits down with Nicola Michell, a sixth-generation family member and director of Michell Wool - Australia’s oldest wool exporter. A physiotherapist by trade and passionate advocate for family governance, Nicola explains why she once turned down a million-dollar offer for that document.Joining the conversation is Jeff Steiner, Head of Family Office at Mutual Trust and a leading expert in crafting Australian family constitutions for nearly 20 years. Jeff also features in Episode 1 of Purpose of Wealth. Want to know more about the groundbreaking research Why the Modern Family Office Matters? Head to mutualtrust.com.au or email us at [email protected] Purpose of Wealth is hosted by Narelle HooperProducer and editor is Samuel Phelps Executive producer is Lauren McWhirterSee omnystudio.com/listener for privacy information.