Attitude About Money
What is your definition of "wealthy"?
Are you comfortable talking about your money?
In which situations are you the most uncomfortable talking about money?
What are the dangers associated with having money?
What do you think is the greatest value of money?
The Way Money is Used
Is saving important to you?
Do you live on a budget?
Do you feel like you are a prudent spender?
What types of satisfaction have you received without money?
Was/is your family philanthropic?
Do you want more or less philanthropic involvement in your life?
Belief About How Money Impacts Relationships
Do you feel that money negatively impacts your interpersonal relationships?
What role did money play in your choice of a mate?
How do your attitudes toward money differ from those of your spouse?
How do your past experiences with money differ from those of your spouse?
Communication to Heirs
What are the attitudes about money that you would like to teach your children?
What have you done to develop financial competency in your children?
What are your priorities for the control and transfer of your wealth?
Have these issues been discussed with the members of your immediate family?
David Bokman is the Chief Wealth Advisory Officer of GenSpring Family Offices and was formerly an estate planning partner with the Atlanta office of King & Spalding.