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What Defines a Multi-Generational Family? | Legacy Stone

What Defines a Multi-Generational Family? | Legacy Stone

Understanding the Multi-Generational Family Definition

When it comes to the term “multi-generational family”, there are different usages and understandings of it. At its most basic, a multi-generational family simply is a family with multiple generations that exist. But as you dive into further context, you will see that “multi-generational” is used to talk about not just family members but what is being passed down across generations– businesses, wealth, heritage, etc. It also often is followed by all the stories of failure and how those things are lost.

In the deeper sense, to say a family is multi-generational there needs to be something that connects each next generation. It is not just stand-alone generations. It is about what lasts, what is repeated, what is nurtured, and shared across one generation to the next, whether good or bad. 

What defines a lasting multi-generational family?

We all want our families to last, to do things that matter, to steward resources wisely, so what are the traits that define strong multi-generational families?

Shared Values

A common thread we see across families that are multi-generational is they have shared values. They are clear on what matters most, and they can confidently articulate those things and put them into practice.

A Communication Path

While it might sound basic, an important trait of multi-generational families is they have a plan for how and what they communicate. They can voice differing perspectives and actively resolve conflict. They strive towards clarity. They are intentional and repeat what matters.

A Guiding Vision

To strengthen that thread that connects generations, a vision is an essential part of multi-generational families. A clear vision is something that might look slightly different in practice per generation but it provides a foundation for why and how they participate in family. It gives purpose and continuity.

These are just a few of the traits that shape families that will last, but you can see those key themes of intentionality. We need to create vision and create a path forward.

Create your family’s definition of multi-generational.

Through these traits and understanding of what it means to be multi-generational, it should be clear that every family can participate in this. It isn’t contingent on having a certain net-worth. The guiding values and vision are some of the most valuable assets you could pass on, and your family needs that. So what do you want your family to carry on? What are the threads that you want to connect and guide next generations?

Take a moment to start to draft your own definition and traits you would want to characterize your family.

Reach out to us with other questions, and we are here to support your journey!

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