A Family Vision Statement can be any non-legal written direction made by a “senior generation” (e.g., mom and dad) to the named beneficiaries of the senior generation’s legal estate plan detailing how an inheritance should be used following death. The Statement is directed towards whomever is receiving the inheritance, whether children, grandchildren, nieces, nephews, siblings or friends. In this non-legal document, the senior generation can articulate how one’s deeply-held spiritual, moral and ethical beliefs impact how they wish the receiving generation to use the inheritance. In many families, these deeply-held spiritual, moral and ethical beliefs of the “receiving” generation are different from the senior generation. The purpose of the Family Vision Statement is therefore to give the receiving generation non-legally binding direction as to how the senior generation would like the inheritance used consistent with the beliefs of the senior generation.