Wealth of Knowledge Center
Lifetime Planning Questionnaire

1. Have you written a family wealth mission statement?
We do not have a mission statement
We have verbally discussed our family’s goals but have not put it in writing
We have written our family mission statement and have coordinated with our advisors to ensure that it is properly communicated to all parties
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2. Do you know your "hurdle" rate of return? (The required rate net of taxes required to provide lifetime financial security.)
We have not done any planning for lifetime financial security
We have investment accounts, but are unaware of the rate of return required to meet our goals
We have measured our lifetime financial security and have clear knowledge about how much we need to save and the required rate of return to meet our goals.
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3. Do you know your aggregated asset allocation? (The collective asset allocation of all your investment accounts: IRA, 401(k),
pension plan, individual accounts, cash value of life insurance, annuities, etc.)
We have multiple retirement and investment accounts, but they are not being managed or monitored
We have several advisors that monitor each of our retirement and investment accounts, but do not know our aggregate allocation
We have worked to complete a complete picture of our investment portfolio and are confident that our aggregate asset allocation meets our needs and risk tolerance
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4. Have you evaluated the overall risk of your portfolio and the potential downside / upside?
We do not know our overall downside risk
We have portfolio consisting of multiple accounts but we do not know the overral risk and downside
We have evaluated our overall portfolio risk with an advisor to ensure that our investments are in line with our risk tolerance
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5. Have you evaluated the position overlap in your portfolio? Do you own the same stocks in multiple accounts thereby not providing as much diversification?
We have only 1 investment account and are unsure of the diversification
We have multiple investment accounts with several advisors, and complete frequent investment reviews but have not looked at our portfolio as a whole
We have completed a comprehensive review of our total investment portfolio and are confident that we are properly allocated and diversified.
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6. Have you tested your financial security for retirement, death, and disability?
We have not completed any financial modeling to determine our financial security
We have previously completed a review with an advisor to discuss our financial security, but our plan may not be up to date
We have worked with a trusted advisor to complete sophisticated financial modeling and are confident of our financial security
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7. Do you own life insurance that names your spouse as beneficiary (resulting in unnecessary tax or accidental disinheritance)?
We have set up some life insurance but have not reviewed our policies for several years and do not know our total insurance amount or the named beneficiaries
We have made sure that we have adequate insurance, but have named our spouse as beneficiary of our policies
We have worked with advisors to properly title our insurance policies and name beneficiaries in a manner to minimize any estate tax implications
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8. Have your wills been updated since 2006?
We do not have Wills
Our Wills were drafted prior to 2006
Our Wills were drafted by a trusted attorney and we are confident that they dated after 2006
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9. Have your financial powers of attorney been updated since 2010?
We do not have Financial Powers of Attorney
Our estate documents were drafted in recent years, but we have not been aware of changes required in 2010
Our estate documents were reviewed after 2010 and we are confident that they are up to date
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10. Do your wills protect assets from taxes, divorce, and creditors for multiple generations?
We do not have Wills
Our Wills were drafted several years ago and may need to be reviewed as not sure about asset protection strategies
Our Wills were drafted by a trusted attorney and have provisions to protect our assets for multiple generations
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