Home > Self Assessment Self Assessment Self-Assessment Check all statements that are true. If your answer is ‘not sure’ or ‘no’, leave it unchecked. Self Assessment STEP 1: FAMILY GOALS & PLANNING家族目标与规划 Q1 I have a clear picture of where our family is headed long-term.家族目标与规划 Q2 Our family has clearly defined major life goals for the next 5-10 years (such as children's education, retirement planning, property purchase plans, etc.) 家族目标与规划 Q3 We have quantified the family goals and have a good idea what they will cost. 家族目标与规划 Q4 We have prioritized all family goals to ensure we can focus on the most important ones when resources are limited. 家族目标与规划 Q5 We regularly (at least annually) review the progress of our family goals and make adjustments as needed. PreviousNextSTEP 2: Cash Flow ManagementCheckbox Field I know clearly how much money needed over the long term to maintain our standard of living and meet all of our goals.Checkbox Field I am confident in the stability of our family's primary income sources and have a contingency plan to deal with potential income disruption.Checkbox Field I have a clear understanding of our family's monthly/annual fixed expenses and can effectively control discretionary spending.Checkbox Field I have a clear game plan in place to prepare for a liquidity event, such as a business sale or inheritance.Checkbox Field I understand the most optimal way to fund our annual expenses from a tax perspective.PreviousNextSTEP 3: Investment ManagementCheckbox Field I know what rate of return we need from our investments to ensure we meet our family's objectives over the long term.Checkbox Field I am confident that our asset allocation is appropriate based on our financial goals.Checkbox Field We have a clear process in place to select our investment managers and/or investments.Checkbox Field Our investment managers are reviewed on a periodic, timely basis and I am confident we have the right ones in place and in the right combinations.Checkbox Field We have a written Investment Policy Statement for our overall investment portfolio that clearly lays out the objectives, limitations, review process and accountability.Checkbox Field We have a regular, consistent review process in place to evaluate the success of our investments and other financial issues against relevant benchmarks.PreviousNextSTEP 4: Tax Planning & StructuringCheckbox Field I clearly understand our family's current tax residency status and tax obligations in various jurisdictions.Checkbox Field I am comfortable that we are taking advantage of all the tax efficiencies available to us in each of the jurisdictions where we have assets/reside.Checkbox Field We fully understand and utilize tax deductions, credits, and incentives that are suitable for our family situation.Checkbox Field We consider tax implications when making investment decisions and employ legal methods to optimize the tax burden on investment returns.Checkbox Field We have developed tax optimization strategies for asset inheritance and understand potential estate taxes, gift taxes, etc.Checkbox Field I understand how the use of insurance and trust or other structures could be beneficial in our planning.Checkbox Field I am confident that we have the right structures in place to meet our family objectives and that it is no more complicated than it needs to be.Checkbox Field I am confident in the advisors that we use for our tax and structure planning.PreviousNextSTEP 5: Risk ManagementCheckbox Field I clearly understand the main risks our family faces in areas such as health, personal accidents, property, and liability.Checkbox Field I am confident that the coverage amounts of our life insurance, critical illness insurance, and medical insurance are sufficient to withstand the financial impact of major unforeseen events on our family.Checkbox Field We have a clear process in place to select, monitor and review all of our advisors.Checkbox Field I understand all our insurance policies and am confident that they are appropriate and up-to-date. If there is no insurance in place, I am clear as to why it isn't a good fit for our family.Checkbox Field I am comfortable that we have the appropriate level of risk in our overall family balance sheet.Checkbox Field We are well-diversified and not overly reliant on a few particular assets.Checkbox Field We review the risks our family faces and the existing protection measures at least annually to ensure they remain aligned with changes in our family circumstances.PreviousNextSTEP 6: Estate Planning & SuccessionCheckbox Field I have a clear grasp of all assets to be inherited, including their locations and legal ownership structures.Checkbox Field I have a clear idea of our estate objectives，and have specified the inheritance shares and conditions for each heir and have communicated important arrangements with the relevant heirs.Checkbox Field Our wills have been updated in the past three years. We have properly executed powers of attorney (or other appropriate documents) for financial and health care purposes.Checkbox Field I am confident we have used all appropriate and available estate planning strategies that would be appropriate for our family.Checkbox Field I am confident that we have appropriate trustees and executors in place.Checkbox Field I feel comfortable that our children are financially well-educated and sufficiently responsible to inherit the assets that are likely to be left to them.Checkbox Field We have a solid transition plan for our financial assets and family enterprise, if applicable.Checkbox Field I am comfortable that I am leaving the legacy I want to.PreviousNextSTEP 7: PhilanthropyCheckbox Field Our family has a clear understanding of the social value and personal vision we aim to achieve through charitable giving.Checkbox Field Our family has a strategy in place for our philanthropy that outlines how we make donations.Checkbox Field We have established structured arrangements to facilitate family members' participation in philanthropic decision-making and project implementation.Checkbox Field I know the most tax-efficient way to donate given my current structure.PreviousNextSTEP 8: Family IssuesCheckbox Field Our family has frequent, open, healthy dialogue about money and financial issues.Checkbox Field We hold regular family meetings where all key family members participate in discussing important family matters and future planning.Checkbox Field We have established comprehensive protection mechanisms for family assets to effectively address special circumstances such as marital changes and debt risks.Checkbox Field I am comfortable that my spouse and children will be able to manage if something happened to me.Checkbox Field We have discussed mental incapacity and aging issues in the family and have a plan in place which is reviewed regularly.Checkbox Field We emphasize the inheritance of family wealth concepts and regularly provide financial knowledge and values education for the next generation members.PreviousNextSTEP 9: AdvisorsCheckbox Field Our family has one or more advisors who are trusted, knowledgeable, and objective regarding all of the issues listed above.Checkbox Field Our advisors are proactive and regularly anticipate the key issues that need attention in our life.Checkbox Field We have established an effective collaborative working mechanism among advisors to ensure efficient cooperation across different fields.Checkbox Field I know all the fees we are paying to our advisors and understand the value we receive and the impact on our net worth.Checkbox Field I successfully act as the coordinator and manager of our advisors or have a family office/ integrated advisor who does.PreviousNextSTEP 10: Your DetailsFirst NameLast NameEmailThanks for taking the time to complete this form. Fill out your details and you will receive an email with your results shortly.If you do not see your result within 3 business days, please check your spam folder.By completing and submitting this form, you acknowledge that you have read and understood our Privacy Policy, and you consent to the collection, use, and processing of your personal information in accordance with its terms.Submit Previous
