Assessment

Is Your Family At Risk?
Whether you are transitioning a business or assets, now is the time to ask, “How sound is my wealth transition plan? How well prepared are my heirs to retain control post-transition©?”

The Institute for Preparing Heirs utilizes proven step-by-step tools to accurately assess your family’s current level of readiness.

Step 1—Wealth Transition Checklist
A preliminary checklist evaluates your odds by comparing your family to thousands of families who have transitioned before you. This 10 question Checklist is typically completed by one family member. It takes about 3 minutes, and if you really "know" your family, it is almost 80% accurate in predicting how the next generation will fare after the estate transitions. It is intended as a “quick read” on the family’s readiness for transition. Call and ask us to send you a complimentary copy.

Step 2—Family Readiness Assessment 
If your score on the Wealth Transition Checklist raises interest or you simply want to more fully assess your entire family’s level of readiness, all family members may participate in our more comprehensive Family Readiness Assessment. The written report boasts a 90% accuracy rate and pinpoints areas of specific weakness within the family's preparations for estate transition. All responses are, of course, confidential even to other family members.

  • Every family member completes a 50-question anonymous and confidential questionnaire including spouses and children/grandchildren over age 16
  • Responses are compared with 3,250 families in our proprietary research database
  • Three critical areas essential for successful wealth transfer: trust and communication levels, heir preparedness and clarity of the mission for the family’s wealth are carefully measured
  • A detailed written report provides individual results and specific recommendations for action contained in a detailed written report

Next Step: Action
Once you have completed the Family Readiness Assessment and you have a clear sense of action in hand, you’re ready to begin to make essential changes that will lead to the successful transfer of wealth to the next generation. Read the story of the Mountain Family - and how the results of their Family Readiness Assessment helped prepare them for action.