Legacy Planning Questionnaire Your answers to these questions will enable us to draft a one page Mission Statement for your family Question Title * 1. Please provide your name below. First & Last Name * Email Address OK 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 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. OK 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 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. OK 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) Inheritance Gifts from living individuals Employment earnings Building or growing a personal or family business Successful investment Other (please specify) OK Question Title * 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) OK 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 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 OK 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) 1 2 3 4 5 6 7 8 9 10 11 12 Spouse 1 2 3 4 5 6 7 8 9 10 11 12 Parents 1 2 3 4 5 6 7 8 9 10 11 12 Grandparents & other ancestors 1 2 3 4 5 6 7 8 9 10 11 12 Children 1 2 3 4 5 6 7 8 9 10 11 12 Stepchildren 1 2 3 4 5 6 7 8 9 10 11 12 Grandchildren 1 2 3 4 5 6 7 8 9 10 11 12 Other relatives 1 2 3 4 5 6 7 8 9 10 11 12 Friend(s) 1 2 3 4 5 6 7 8 9 10 11 12 Business partner 1 2 3 4 5 6 7 8 9 10 11 12 Mentor 1 2 3 4 5 6 7 8 9 10 11 12 Employees 1 2 3 4 5 6 7 8 9 10 11 12 Clergy or spiritual advisor OK 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) 1 2 3 4 To ensure lifetime financial independence 1 2 3 4 To maximize inheritance for heirs 1 2 3 4 To minimize estate tax 1 2 3 4 To make charitable contributions OK 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) 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) OK 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 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. OK 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) 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. OK Question Title * 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. OK Question Title * 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. OK 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 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. OK Question Title * 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. OK Question Title * 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. OK Question Title * 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) OK 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 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) OK Question Title * 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) OK DONE