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Episode 17 The Million Dollar Document

Episode 17 of the Purpose of Wealth podcast, hosted by Mutual Trust, titled "Episode 17 The Million Dollar Document" was published on August 24, 2025 and runs 49 minutes.

August 24, 2025 ·49m · Purpose of Wealth

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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 Hooper
Producer and editor is Samuel Phelps
Executive producer is Lauren McWhirter

See omnystudio.com/listener for privacy information.

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