Equal Isn’t Fair and Fair Isn’t Equal

SELF ASSESSMENT

Legacy by Design, LLC

A quick self-assessment to rate your readiness to engage in the equal versus fair discussion with active and inactive family members. 

  • Rate your comprehension of this complex topic.
  • Learn some of the key issues that confound the most well-intended.
  • Sort through the questions and more clearly understand the concerns.

Please enter the appropriate number in the right hand column.

-Agree

4 -Mostly Agree

3 -Neither Agree / Disagree

2 -Mostly Disagree

1 -Disagree


Interpreting Your Score:

85 – 100

This score may indicate a willingness to make the commitments necessary for transition. It may also point to over-confidence and/or a lack of empathy for familial tension.

70 – 84

This score reflects a healthy respect for the complexity of succession planning, yet  maintains a realistic concern for the family’s ability to create a positive outcome.

55 – 69

This score demonstrates humility and a realistic expectation regarding personal and familial readiness. The family may experience some significant breakthroughs and continual progress in the quest for creating a lasting legacy.

40 – 54 

This score indicates a need for open discussion among active family members regarding succession intentions. The next course of action should include family meetings to discuss goals related to succession for the owner, the family, and the farm.

< 39

This score points to multiple concerns; the process of succession planning may be premature at this time. Additional assessments, personal counsel and specific plans of action may help to improve the situation.

IRS Circular 230 Disclosure: To ensure compliance with requirements imposed by the IRS, we inform you that any U.S. tax advice contained in this communication (including attachments) was not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code or (ii) promoting, marketing, or recommending to another party any transaction or matter addressed herein.

Locations

California Office
Legacy by Design, LLC
at Ryan Wealth Management
463 Century Park Drive
Yuba City, CA 95991

Washington OFFICE
​Legacy by Design, LLC
at Ryan ​Wealth Management
1212 N. Washington Street, Suite 320
Spokane, WA 99201

Do You Need Answers to Your Succession Planning Questions?

Call Kevin Now(530) 671-2100

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