Family Assessment Tools

Applying Our Research To Help Families

 

“Few advisors have the gift of turning theoretical advice into an action plan that can improve the odds of success as dramatically as The Williams Group.”
                                  - Jack Wirts, Executive Vice President, The Conference Board

 

Regardless of whether your family is planning to transfer wealth to heirs or just thinking about it, our tools measure a family’s level of preparedness for wealth transition across the four critical areas our research identified are key to success: trust, communication, heirs preparedness and wealth mission. Measuring your family before, during and after coaching is crucial to tracking progress.
 

Wealth Transition Quiz 

This 10-question quiz is a quick read on one family member’s view of the entire family's readiness for estate transition. It's like a compass that points to the path leading to successful wealth transition. This quiz is a simple yet highly effective tool in framing a conversation around non-financial issues. Take the Quiz now.  

 

Family Readiness Assessment Survey

To learn more about the benefits of our Family Readiness Assessment Survey, download an excerpt from our book, Preparing Heirs.

This in-depth 50-question assessment survey involves all family members and more fully assesses your entire family’s readiness for estate transition. This assessment tool is based upon the findings of our family research that identified the critical areas within a family that underlie 95% of post-estate transition failures:

  • Breakdown within the family of communication and trust (60%)

  • Heirs unprepared to manage and unwilling to be held accountable (25%)

  • Lack of an agreed upon family wealth mission (10%)


This assessment is anonymous and is taken by all family members, including spouses, and adult children and grandchildren. This assessment provides the family with a baseline for the family’s current odds of post-transition success. This baseline is a comparison to the 2,500 families in The Williams Group research. It can be compared against future assessment results to measure progress.  

 

Read what happens when issues are known within a family who has taken the 50Q Survey, but does not take action!