A yearly or semiannual "state of the union" letter…

A yearly or semiannual "state of the union" letter written by the principal with the help of the family office and delivered through-out the family Updates on family philanthropic activities Updates on the family bank to appropriate stakeholders Wealth education materials for the next generation Congratulation notes to members of the family to recognize major accomplishments in their lives Training sessions or educational content for family members on topics that affect the entire family (e.g., risk management, health and wellness, business continuity) Chronicles of family history Maintenance of a variety of family-related chat forums Surveys of family members to provide input to support the activities of the family office and the desires of the principals

— from The Flight Plan (Purpose/Wisdom/Risk) · *Family Office: A Comprehensive Guide for Advisors, Practioners, and Students by William I *

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