Financial Stress Test
Proactively Addressing Risks
Client Name
*
Date
*
-
Month
-
Day
Year
Advisor Name
*
Advisor Firm
*
Advisor Email
*
example@example.com
1) Wills
Please Select
Wills are Current and Up To Date
Have Wills but they are Outdated *
No Will in Place *
Unknown *
Helper 04
2) Revocable Living Trusts
Current Wills Pour All Assets into Revocable Living Trust
Wills do not Include Provisions for Creating a Revocable Living Trust *
Majority of Assets HAVE been put in the Revocable Living Trust
Majority of Assets have NOT been put in the Name of the Revocable Living Trust *
Unknown *
Helper 10
MultiCount 02
3) Distribution to Heirs - Leaving the Money to Children or other Heirs in Either Outright or Graduated Distribution
Please Select
Outright *
Graduated *
Unknown *
Held in Trust for Lifetime of Children and Grandchildren
NA - Single / No Child(ren)
Helper 01
4) No Required Pre-Nup at Second Marriage Following Death of Spouse
Please Select
Current Documents DO Require
Current Documents do NOT Require *
Unknown *
Not Married
Helper 02
5) Teenage / Other Drivers Driving a Vehicle in Clients' Names
Yes - Teenage Drivers Driving Cars in Clients' Names *
No One Other Than Client(s) Driving Cars in Clients' Names
Teenage Grandchildren Driving Grandparents Cars *
No Teenage Drivers
Helper 07
MultiCount 05
6) Insufficient or No Umbrella Liability Insurance
Please Select
100% of Net Worth
50% of Net Worth *
$3Mto $10M
$1M to $2M *
None *
Helper 03
7) Toys / Boats / RV's / Planes / Motorcycles in Their Names
Please Select
Titled in Clients' Personal Names *
Multiple Toys Titled in Same Entity *
Each Toy Titled in Separate Entity
No High Risk Recreational Assets
Helper 08
8) Lakehouse / Mountain Home or Other Personal Use Property
Please Select
Title in Personal Names *
Title in LLC or FLP
No Lakehouse/Personal Use Vacation Home
Helper 13
9) Homeowner’s Insurance Assumed to Be Full Replacement Coverage
Please Select
Current Policy DOES Require Structure to be Rebuilt on Current Slab for Coverage *
Current Policy Does NOT Require Structure to be Rebuilt on Current Slab for Coverage
No Homeowner's Insurance *
Dont Own Home
Unknown - Assume the Requirement Exists *
Helper 16
10a) Out of State Property - Affected by Ancillary Probate Issues
Please Select
Out of State Property is Currently Held in Personal Names *
Out of State Properties are Titled in the Name of an Entity (LLC, FLP) but Entity has NOT been Transferred into a Revocable Living Trust *
Out of State Properties, Either Personally Held or in an Entity (LLC, FLP) have been Placed in a Revocable Living Trust
Helper 05
10b) Out of State Property - Affected by Liability Issues
Please Select
Out of State Property has Sufficient Umbrella Liability Insurance Attached to it.
Out of State Property is not Covered Under an Umbrella Liability Policy *
Unknown *
No Out of State Property
Helper 11
11a) Rental Property Titled in their Personal Names - Entity Structure Protection
Please Select
Rental Property Currently Titled in Personal Names *
Rental Property Currently Titled in Revocable Living Trust *
Rental Property Currently Titled in an Entity (LLC/FLP)
No Rental Property
Helper 12
11b) Rental Property Titled in their Personal Names - Entity Liability Protection
Please Select
Rental Property Covered by Adequate Umbrella Liability Insurance
Rental Property NOT Covered by Adequate Umbrella Liability Insurance *
Unknown *
No Rental Property
Helper 15
12) Blended Families - No Coordinated Estate Plan for "Yours, Mine, and Ours" Families
Please Select
Each Spouse has Children for a Previous Relationship *
One Spouse has Child(ren) from a Previous Relationship *
Have All Children Together
No Child(ren)
Helper 06
13) Account(s) Titled in Joint Tenancy with Rights of Survivorship
Please Select
One or Both Clients Have Child(ren) from Previous Relationship *
Only Child(ren) From Both *
No Chid(ren)
Helper 09
14) Personal Life Insurance
Family Dependents - No Life Insurance *
Family Dependents - Insufficient Life Insurance to Replace Current Income, Provide for College and Leave Family Debt Free *
Life Insurance Solely Through Work *
Sufficient Life Insurance to Replace Current Income, Provide for College and Leave Family Debt Free
No Dependents
Currently Financially Independent with no Need for Life Insurance
Helper 14
MultiCount 14
15) Life Insurance on Adult Children who have Dependent Children
Adult Children of Prospect or Client has NO or Insufficient Life Insurance *
Adult Children with Dependents only have Life Insurance Solely Through Work *
Adult Children with Dependents have Insufficient Life Insurance to Replace their Income, Provide for College and Leave the Family Debt Free *
Adult Children with Dependents have Sufficient Life Insurance to Replace their Income, Provide for College, and Leave their Family Debt Free.
Adult Children have NO Dependent Children / All Grown
Adult children have NO Children
Unknown how much Life Insurance on Adult Children who have Children *
Helper 17
MultiCount 15
Total Points
Questions Answered
Percent Score = Points / Questions
Submit for Summary Results
Should be Empty: