Moving Toward Intentional Stewardship
- Does your trust planning include generation skipping provisions (multi-generational trust language)?YES NO
- If yes to the prior question, is the trust presently in a state which has no “rules against perpetuities”, or does the trust language allow for a change in trust situs at some future point?
YES NO
- Have you implemented one of more “estate freeze” strategies to limit the future growth of your taxable estate?
- What principles have guided your legacy planning to date?
- What challenges are you facing with your children in respect of discussions and management of wealth?
- Based on prior gifting, prior wealth transfers achieved, and present planning arrangements, if you passed away today what is your estimate of the financial legacy that will result?
a. To Family: $____________________ or ___________________%
b. To Charity: $____________________ or ___________________%
c. To Taxes: $____________________ or ___________________%
How do you feel about this outcome? ______________________________________________________________
- What do you want your financial legacy outcome to look like? Where would you want assets to go?
a. To Family: $____________________ or ___________________%
b. To Charity: $____________________ or ___________________%
c. To Taxes: $____________________ or ___________________%
- How much time, effort and expense are you willing to incur to see that the outcome in question #4 is realized? _______________________________________________________________________________________________
- Engaging family dialogue (these are excellent opening questions to ask your children regarding family values):
a. What does it mean to be a (family surname)?
____________________________________________________________________________________________
b. What should the three words underneath your family crest be?
____________________________________________________________________________________________
