Legacy Planning Questionnaire

Your answers to these questions will enable us to draft a one page Mission Statement for your family

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* 1. Please provide your name below.

First & Last Name *

Email Address

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* 2. One potential outcome from this questionnaire is a one-page Mission Statement or what we call a Family Love Letter. Should this result, how would you envision using this document?
Check the box(es) next to any of the following that apply

I would want to use the Mission Statement as a personal guide for planning decisions.

I would want to share the Mission Statement with my children.

I would want to share the Mission Statement with heirs other than my children.

I would want to share the Mission Statement with those charitable causes I support.

I would want to share the Mission Statement with my professional advisors.

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* 3. What is the primary goal of a successful wealth plan? (What would you most want from your advisor?)
Indicate which statement most closely reflects your view

Advice that maximizes my family's wealth according to our willingness to bear risk.

Advice which offers us a high probability of reaching our financial goals.

Advice which supports our overall well-being, even if it results in a less optimal financial outcome.

Advice that coordinates all aspects of our financial lives, helping us define & work toward our goals.

Advice that helps us make wise financial decisions to live the best life possible with the assets we have.

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* 4. People accumulate their wealth in many ways. What is the source of your wealth?
Check the box next to any of the following that apply (You can select more than one answer)

Inheritance

Gifts from living individuals

Employment earnings

Building or growing a personal or family business

Successful investment

Other (please specify)

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* 5. To what or whom do you attribute your wealth?
Check the box(es) next to any of the following that apply

Personal initiative

Unexpected good fortune/luck

Provision from God

Supportive environment (personal or professional)

Financial success of parents or other ancestors

Teamwork/collaboration

Other (please specify)

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* 6. What personal values are of greatest importance to you at this time in your life?
Choose up to 3 that are of greatest interest to you

Ethical values, such as honesty, justice, fairness

Personal values, such as modesty, loyalty, faithfulness

Public values, such as good citizenship, community involvement, government service

Economic values, such as financial responsibility, frugality, stewardship

Financial values, such as material possessions, independence, social standing

Spiritual values, such as inner spirituality and meditation, faith, religious commitments

Work values, such as effort, punctuality, competence, professional achievement

Physical values, such as health, relaxation, quiet time alone, exercise

Relational values, such as family, friends, work associates

Philanthropic values, such as contributions of time and money to care for others

Recreational values, such as sports, leisure activity, hobbies, family vacations

Educational values, such as study, self-improvement, academic achievement

Cultural values, such as music, visual arts, travel

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* 7. To whom do you feel a sense of obligation in regards to the distribution of your wealth?
Rank the top three most important to you in order of importance from 1 to 3
(1 = most important, 2 = second most important, 3 = third most important)

Spouse

Parents

Grandparents & other ancestors

Children

Stepchildren

Grandchildren

Other relatives

Friend(s)

Business partner

Mentor

Employees

Clergy or spiritual advisor

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* 8. There are many goals for financial and estate planning, among them the following...
Rank all four of the listed goals in order of importance to you
(1 = most important and 4 = least important)

To ensure lifetime financial independence

To maximize inheritance for heirs

To minimize estate tax

To make charitable contributions

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* 9. What tenants of financial stewardship do you wish to impart to heirs?
Check the box next to any of the following that are important to you (choose up to 5)

Focus on long-term growth

Ensuring proper investment diversification

Minimizing the impact of taxes

Limiting investment to things that they understand

Avoiding deals that appear too good to be true

Assessing and taking appropriate risk

Living within one's means

Being frugal

Strategic debt management

Freedom from debt

Other (please specify)

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* 10. Which statement most closely reflects your view regarding your responsibility to conserve assets for heirs?
Select one main category - in bold - and one more detailed rationale below it

I feel no particular responsibility to conserve assets for heirs

and would prefer to spend my assets during my lifetime.

however I am satisfied to pass on my remainder estate to heirs upon my death.

however there are certain amounts I would like to leave specific heirs.

nevertheless I intend to plan my estate in order to maximize my heirs' inheritance.

I feel a responsibility to conserve assets for heirs and plan my estate in order to maximize their inheritance

however I am not willing to commit current cash flow or assets for that purpose.

and I am willing to commit current cash flow or assets for that purpose.

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* 11. You may be concerned about your children's skills in managing wealth. Which statement most closely reflects your view?
Select one main category - in bold - and a more detailed rationale below it (if applicable)

I believe my children do not possess the necessary skills to manage wealth and

I do not feel a responsibility to prepare them to do so.

I do feel a responsibility to prepare them to do so.

I prefer to pass assets in trust in order to ensure professional management.

I believe my children do possess the necessary skills to manage wealth

but I prefer to pass assets in trust in order to ensure professional management.

and I feel comfortable they will manage their wealth effectively.

I am unsure of the interest level, skills and ability my children have to manage wealth.

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* 12. How much inheritance should you leave your children?
Select the statement that most closely reflects your view

Regardless of their children's individual needs, parents should leave children the maximum possible inheritance.

Parents should leave a large enough inheritance so that their children could do anything they want, but would still have to be productive.

Parents should leave children the minimum inheritance required to meet their children's individual lifestyle needs.

Parents should not leave children an inheritance under any circumstances.

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* 13. What is your opinion about leaving each child the same amount of inheritance?
Indicate which statement more closely reflects your attitude

Regardless of individual circumstances or needs, each child should receive an equal share of my estate.

Based on differing circumstances or needs, each child should receive a different share of my estate.

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* 14. Describe your involvement with charitable organizations (volunteering and/or donations).
Select one main category - in bold - and a more detailed rationale below it

I have had little or no involvement with charitable organizations and

I would like to be involved, but simply don't have the time.

I would consider becoming involved, if the "right" organization asked me.

I would like to be more involved, but need help determining how best to do so.

I have definite plans to become involved or more involved.

I have had moderate involvement with charitable organizations and plan to

maintain my current level of involvement.

decrease my current level of involvement.

increase my current level of involvement in the future.

I have been active with charitable organizations and

plan to continue at my current level of involvement.

plan to increase my level of involvement.

feel I've done my part and plan to decrease or discontinue involvement.

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* 15. Some families establish private foundations in order to engage in philanthropy.
Indicate which of the following most closely reflects your opinion

I am attracted to the idea of a private family foundation.

I am interested in a foundation, but would prefer a less complicated alternative.

I am not interested in establishing a private family foundation.

I have already established a private foundation and (select one of the following):

so far, have been disappointed.

have been satisfied, but feel there is room for improvement.

have found the process compelling and rewarding.

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* 16. What best represents your family’s views about philanthropy?
Select the one statement that most closely reflects your view

Model: We want to model philanthropic giving, and support younger generations as they, in turn, get involved with their own causes and interests.

Mentor: We want to mentor younger gen-erations by having them be part of our family foundation and/or charitable causes and interests.

Mobilize: We want to mobilize all of the generations, channeling the family’s resources of time, knowledge, and money into one area of passion.

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* 17. A variety of charitable purposes could benefit from your contributions.
Choose up to 3 that are of greatest interest to you

Poverty

Microfinance / Small Business Development

Water & Sanitation

Education

Health and Wellness

Disaster Response

Arts, Culture and Humanities

Environment and Wildlife

Affordable Housing & Community Development

Religion or Spiritual Endeavors

Advocacy & Human Rights

Other (please specify)

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* 18. What is the most important goal you hope to achieve with regards to transitioning your family's wealth?
Choose one or articulate your own goal

To preserve our family's heritage and facilitate the financial well-being of future generations.

To influence future generations and facilitate the creation of an enduring family legacy after we are gone.

To express how we feel about our children/heirs.

To preserve and protect our family's wealth through multiple generations.

Other (please specify)

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* 19. What is the most important lesson to pass on to your heirs?
Choose one or write in your own

To remind our children that personal growth and fulfillment can be most effectively realized through sharing our good fortune with those who are less fortunate.

To remind our children that being grateful for what they have and generous with their financial resources is of vital importance.

To encourage our heirs to strive to be the best individuals they can be and seek joy by living in accordance with their values.

To encourage our heirs to consider the great opportunity that wealth provides to help make positive changes in society.

Other (please specify)

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* 1. Please provide your name below.

Question Title

* 2. One potential outcome from this questionnaire is a one-page Mission Statement or what we call a Family Love Letter. Should this result, how would you envision using this document? Check the box(es) next to any of the following that apply

Question Title

* 3. What is the primary goal of a successful wealth plan? (What would you most want from your advisor?)Indicate which statement most closely reflects your view

Question Title

* 4. People accumulate their wealth in many ways. What is the source of your wealth?Check the box next to any of the following that apply (You can select more than one answer)

Question Title

* 5. To what or whom do you attribute your wealth?Check the box(es) next to any of the following that apply

Question Title

* 6. What personal values are of greatest importance to you at this time in your life?Choose up to 3 that are of greatest interest to you

Question Title

* 7. To whom do you feel a sense of obligation in regards to the distribution of your wealth?Rank the top three most important to you in order of importance from 1 to 3(1 = most important, 2 = second most important, 3 = third most important)

Question Title

* 8. There are many goals for financial and estate planning, among them the following... Rank all four of the listed goals in order of importance to you(1 = most important and 4 = least important)

Question Title

* 9. What tenants of financial stewardship do you wish to impart to heirs?Check the box next to any of the following that are important to you (choose up to 5)

Question Title

* 10. Which statement most closely reflects your view regarding your responsibility to conserve assets for heirs? Select one main category - in bold - and one more detailed rationale below it

Question Title

* 11. You may be concerned about your children's skills in managing wealth. Which statement most closely reflects your view? Select one main category - in bold - and a more detailed rationale below it (if applicable)

Question Title

* 12. How much inheritance should you leave your children?Select the statement that most closely reflects your view

Question Title

* 13. What is your opinion about leaving each child the same amount of inheritance?Indicate which statement more closely reflects your attitude

Question Title

* 14. Describe your involvement with charitable organizations (volunteering and/or donations).Select one main category - in bold - and a more detailed rationale below it

Question Title

* 15. Some families establish private foundations in order to engage in philanthropy.Indicate which of the following most closely reflects your opinion

Question Title

* 16. What best represents your family’s views about philanthropy?Select the one statement that most closely reflects your view

Question Title

* 17. A variety of charitable purposes could benefit from your contributions.Choose up to 3 that are of greatest interest to you

Question Title

* 18. What is the most important goal you hope to achieve with regards to transitioning your family's wealth? Choose one or articulate your own goal

Question Title

* 19. What is the most important lesson to pass on to your heirs? Choose one or write in your own

* 2. One potential outcome from this questionnaire is a one-page Mission Statement or what we call a Family Love Letter. Should this result, how would you envision using this document?
Check the box(es) next to any of the following that apply

* 3. What is the primary goal of a successful wealth plan? (What would you most want from your advisor?)
Indicate which statement most closely reflects your view

* 4. People accumulate their wealth in many ways. What is the source of your wealth?
Check the box next to any of the following that apply (You can select more than one answer)

* 5. To what or whom do you attribute your wealth?
Check the box(es) next to any of the following that apply

* 6. What personal values are of greatest importance to you at this time in your life?
Choose up to 3 that are of greatest interest to you

* 7. To whom do you feel a sense of obligation in regards to the distribution of your wealth?
Rank the top three most important to you in order of importance from 1 to 3
(1 = most important, 2 = second most important, 3 = third most important)

* 8. There are many goals for financial and estate planning, among them the following...
Rank all four of the listed goals in order of importance to you
(1 = most important and 4 = least important)

* 9. What tenants of financial stewardship do you wish to impart to heirs?
Check the box next to any of the following that are important to you (choose up to 5)

* 10. Which statement most closely reflects your view regarding your responsibility to conserve assets for heirs?
Select one main category - in bold - and one more detailed rationale below it

* 11. You may be concerned about your children's skills in managing wealth. Which statement most closely reflects your view?
Select one main category - in bold - and a more detailed rationale below it (if applicable)

* 12. How much inheritance should you leave your children?
Select the statement that most closely reflects your view

* 13. What is your opinion about leaving each child the same amount of inheritance?
Indicate which statement more closely reflects your attitude

* 14. Describe your involvement with charitable organizations (volunteering and/or donations).
Select one main category - in bold - and a more detailed rationale below it

* 15. Some families establish private foundations in order to engage in philanthropy.
Indicate which of the following most closely reflects your opinion

* 16. What best represents your family’s views about philanthropy?
Select the one statement that most closely reflects your view

* 17. A variety of charitable purposes could benefit from your contributions.
Choose up to 3 that are of greatest interest to you

* 18. What is the most important goal you hope to achieve with regards to transitioning your family's wealth?
Choose one or articulate your own goal

* 19. What is the most important lesson to pass on to your heirs?
Choose one or write in your own