Ready for Succession Planning?

Self Assessment

Legacy by Design, LLC

As you begin to consider succession planning objectives, these 20 statements may help you to identify your key priorities and potential first steps.


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.

Associates of Legacy by Design, LLC are registered representatives and investment advisor representatives with Lincoln Financial AdvisorsCorp., a broker/dealer (member SIPC) and registered investment advisor. Insurance offered through Lincoln Marketing and Insurance Agency, LLC and Lincoln Associates Insurance Agency, Inc. and other fine companies. 2550 Lakewest Drive, Suite 10, Chico, CA 95928. This information should not be construed as legal or tax advice. You may want to consult a legal or tax advisor regarding this material as it relates to your personal circumstances. Legacy by Design, LLC is not an affiliate of Lincoln Financial Advisors Corp. CRN-1082950-121914

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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