Trustee Values Questionnaire

Please select the honest responses that best suit your own values with regard to each question (More than one answer may apply to certain questions). If married one should be completed by a spouse as answers will likely differ.

Your name

Your email

Phone

Money & Finances

1. If your child wanted a new car, you would say:

   a. Get whatever car you want but pay for it yourselfb. I will pay a portion of the cost but you have to contribute to the purchasec. I will buy you whatever car you wantd. I will help you find a practical and affordable car, contributing as needed

2. If your child was looking to buy a house, you would say:

   a. You should save money for the down payment and get a mortgageb. I will gift you the down payment and you can get a mortgagec. I will lend or gift you the money to buy the housed. I will help you secure a bank loan or explore other financing options but not directly fund the purchase

3. If your adult child decided they didn’t want to work anymore or earn their own living (not including for a medical or psychological reason) and asked you to support them, you would:

   a. Embrace their freedom of choice and assist them in any way you can and pay their reasonable billsb. Tell them you are disappointed in their choices and you would help them only in emergenciesc. Pay for them rent, support and maintenance to figure out a way pay their own billsd. Offer temporary support but insist on a plan to regain financial independence

4. If your child wants to travel the world with a backpack, you would:

   a. Financially support any expenses and encourage the experienceb. Financially support and only pay for housing and basic maintenance costsc. Not financially support it at alld. Pay for a consultant or travel agent to ensure safety with planning, but provide no other financial support

5. If your child asks for investment advice, you would:

   a. Recommend they seek professional financial adviceb. Offer your personal investment strategies and tipsc. Guide them to learn and make their own investment decisionsd. Encourage them to learn about money and investments

6. On the topic of charity and giving, you would:

   a. Encourage regular charitable donationsb. Encourage volunteering and time donations instead of moneyc. Not emphasize charity at alld. Pay to educate them about various forms of charitable giving, including family foundations or donor advised funds

7. Regarding your child's lending money to their friends, you would:

   a. Support their choiceb. Offer guidance and advice on these transactions with stern warningsc. Monitor the loan and suggest a better use of their fundsd. Encourage them to choose friends who do not seek money

8. Regarding your child's use of credit cards and debt, you would:

   a. Encourage avoiding debt entirely (other than a mortgage)b. Suggest responsible use of credit and not pay off any credit card debtc. Allow them free credit use and bail them out if they cannot pay itd. Only pay for debt if you can monitor credit card use after first bailout

Business

1. If your child wants to start their own business, you would:

   a. Fully financially support themb. Offer only start up funds, provided there is a formal written business plan and suggest careful planningc. Not take financial risks with your funds for a child’s businessd. Not support them financially at all on this since they have to “want it enough” to figure it out on their owne. Pay for research and find resources to learn about entrepreneurship

2. If your child was failing in an already operating business and needed money or a financial bailout, you would:

   a. Give them whatever they need to turn it aroundb. Step in and detail review the situation before you assisted financiallyc. Let them fail since failures can be great lessonsd. Help financially but with a limit or a cape. Offer to pay for advice and consultants rather than direct financial assistance

Marriage and Family

1. If your child chose a partner that was not in line with your own values (religious, gender, ethnicity, etc.), you would:

   a. Not help them financially unless they broke off the relationshipb. Embrace the relationship and their choices and provide any money as they request.c. Accept the relationship but ensure none of your assets went to that partnerd. Fully support their choice and share of all the family wealth with their partner

2. If your child was getting married, you would:

   a. Want them to sign a prenuptial agreementb. Change your Will to leave assets in a trust so the spouse does not inherit your assetsc. Both A and Bd. Provide financial assistance to both as long as married and not separated

3. If your child is getting married, you would

   a. Pay all wedding costs regardless of amountb. Only pay average cost for wedding in the geographic areac. Pay for a destination wedding, including abroad and travel/lodging for guestsd. Make a monetary gift towards a wedding and nothing moree. Not pay for wedding costs at all

4. On the matter of starting a family and infertility issues, you would:

   a. Encourage having children and you will pay any amounts for their successb. Support some of the costs but within reasonable financial limitsc. Suggest waiting or adopting before you expend any fundsd. Not get financially involved in this type of decision

5. If your child was getting a divorce, you would:

   a. Pay all the legal costs for themb. Pay legal costs but only with your oversight and inputc. Lend the money to pay legal fees and expect repayment at a later dated. Not pay any legal fees at all

Education

1. Regarding education in general, you would:

   a. Encourage pursuing a degree at a university at a minimum for all trust beneficiariesb. Support any form of education (trade school, master classes, etc.)c. Suggest they focus on work experience before paying graduate or professional schoold. Encourage a combination of education and real-world experience

2. As far as tuition for higher education, (children but if grown for grandchildren) you feel:

   a. There are no restrictions or limits; if they are educating themselves in any way, I will pay 100%b. I will only pay for a four-year degree; the rest is up to youc. I will not pay any education expenses unless a certain grade point average is maintainede. I will not pay education costs at all

Drugs, Alcohol, & Mental Health

1. If your child developed a drug or alcohol addiction, you would:

   a. Stop all financial resources to avoid funding the addictionb. Temporarily stop any financial assistance unless they are clean and enrolled in a formal recovery programc. Continue to provide necessities and pay all financial support for recovery but nothing more than that until they are clean and enrolled in a formal recovery programd. Keep very close monitoring of all requests for money and only pay bills directly to the goods or service providers

2. If your child is arrested for an infraction like driving while intoxicated (DWI), you would:

   a. Pay all legal fees and finesb. Only pay if they seek support and rehabilitationc. Pay now but make them repay all costsd. Not provide financial support at all

3. If your child is struggling with a behavior or mental health issue, you would:

   a. Pay for and arrange any and all professional help until resolvedb. Continue all financial support for their needs during this timec. Encourage them to seek their own professional help and not pay costs or financial for their supportd. Pay only for a a recovery program

Motivation

1. If your child wants to pursue an unconventional career that was not financially self- sustaining, you would:

   a. Fully support their decision and pay any shortfall in housing, support and maintenanceb. Support them financially but encourage a backup plan and pay any shortfall in their housing, support and maintenancec. Discourage and cover supporting them only if they seek a more stable careerd. Offer limited financial support as necessary and expect them to find other ways to sustain their lifestyle choices over the long term

2. If your child wants to move abroad, you would:

   a. Fully financially support them and their decisionb. Support them but only pay limited financial supportc. Discourage the move and only pay support if they stay closer to homed. Not financially support them at alle. Only pay what is needed for the transfer/move to ensure initial success

3. If your child engages in an expensive hobby or other interest, you would:

   a. Support and buy them what is needed on any interests at any costb. Only pay for reasonable costsc. Suggest practical hobbies and not help fund these endeavorsd. Not financially support sports or hobbies at alle. Financially support and encourage hobbies that are in line with family values

4. If your child is interested in pursuing the arts as a non-paid lifestyle and not be able to support themselves, you would:

   a. Fully financially support and encourage artistic endeavorsb. Financially support them but encourage them to work another job to pay their billsc. Discourage pursuing arts as a primary lifestyle and only support them if they have a paying job too.d. Not financially support an artistic lifestyle that has no income