Family Code of HonorTM

A Family Code of HonorTM are the guiding principles providing the structures for how family members interact with each other and how the family, as a unit, interacts with the world around it.

Developing a Family Code of HonorTM requires that all members commit to doing the work and give the time and effort required in establishing and living the Code.

The Code is created in a series of facilitated family meeting where all family members are allowed their input in the process, and that input is given the value it deserves.

When completed each family member agrees to the Code and signs it and they take an oath to live the Code to the best of their ability.

Some sample principles for a Family Code of HonorTM:

  1. Show respect for yourself and other family members.
  2. Have a method for conflict resolution.
  3. There will be open and honest communications.
  4. I and will acceptable responsibility and accountable for my behavior.
  5. I realize that the family members can and will change and that may require a modification of the Family Code of HonorTM.
  6. Family unity is a goal.
  7. All family members will be allowed to participate in creating the Family Code of HonorTM to the best of their abilities.
  8. I will be giving and open.

When it becomes necessary to let a family member know that they are breaking the Family Code of HonorTM and you are the person who is responsible for doing so, use these tips. (Taken from Blair Singer’s book, Team Code of Honor: The Secrets of Champions in Business and in Life.)

  1. Take a deep breath.
  2. Acknowledge that whatever the speaker is saying is true for that person.
  3. Listen actively.
  4. If you made a mistake, admit it.
  5. Ask the person how you can make it right and make amends to the family.
  6. If the call that’s being made is not accurate, simply go back to the Code of Honor.
  7. Become truly interested and inquisitive about the call.
Paul Deloughery helps you protect your inheritance

To learn more about the Family Code of HonorTM, sign up for a Estate Planning Strategy Session. As a bonus for registering, we will send you a PDF of attorney Paul Deloughery’s book entitled Sudden Wealth: A Revolutionary Method of Family Wealth Transfer, which discusses the Family Code of HonorTM.

If you want more information on how we can help you develop your own Family Code of HonorTM, sign up HERE.