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58 Multiple choice questions
Term 1 of 58
What are the 5 Leadership Concepts of the Value Acceleration Methodology?
1 - Personal (planning for what comes next)
2 - Financial (ensuring owner is financially prepared)
3 - Business (maximizing transferrable value)
5 - Value Maturity Index
4 - Intangible Capitals
3 - Legs of the Stool
2 - Concurrent Paths
1 - Goal = Value
1. Transferring values and purpose, not just assets
2. Creating common ground to collaborate, gain confidence, and develop potential.
3. Develop emotional/functional bridge between wealth, purpose, and society.
1. Identify
2. Protect
3. Build
4. Harvest
5. Manage
Term 2 of 58
What is the definition of Value Acceleration?
A method for reducing operational costs in a business.
A plan for expanding market reach and customer base.
A strategy for increasing employee productivity and morale.
A proven process that focuses on value growth and aligning business, personal, and
financial goals.
,Term 3 of 58
According to the 2013 EPI State of Owner Readiness survey, ______% of owners have no written
personal third-act plan.
50% of owners have a detailed personal third-act plan.
20% of owners have written personal plans for their future.
94% of owners have no written personal third-act plan.
10% of owners have no personal plans at all.
Term 4 of 58
What are the 2 concurrent paths regarding leadership in the Value Acceleration Methodology?
Personal and Business
Discover, Prepare, Decide
Individual and Group
Catastrophic and Incidental
, Term 5 of 58
How does a Charitable Lead Trust (CLAT or TCLAT) work?
Whatever the balance of an account is, we can take 4% per year and that account will last
us the rest of our lives. If I had $10M with a 4% return, that gives me income of $400K per
year.
1. Transferring values and purpose, not just assets
2. Creating common ground to collaborate, gain confidence, and develop potential.
3. Develop emotional/functional bridge between wealth, purpose, and society.
In a charitable remainder trust:
- A donor transfers property, cash or other assets into an irrevocable trust
- The trust's basis in the transferred assets is carryover basis, which is the same basis that it
would be in the hands of the donor, for assets transferred to the trust during the lifetime of
the donor
- The trust pays income to at least 1 living beneficiary
- The payments continue for a specific term of up to 20 years or the life of 1 or more
beneficiaries
- At the end of the payment term, the remainder of the trust passes to 1 or more qualified
U.S. charitable organizations
- The remainder donated to charity must be at least 10% of the initial net fair market value of
all property placed in the trust
- Charitable remainder trusts are irrevocable. Assets that go in can't be taken back.
1. Make a contribution to fund the trust.
2. Payments are sent to the charity.
3. After the specified trust term, the remaining charitable lead trust assets are distributed
back to original donor or heirs
58 Multiple choice questions
Term 1 of 58
What are the 5 Leadership Concepts of the Value Acceleration Methodology?
1 - Personal (planning for what comes next)
2 - Financial (ensuring owner is financially prepared)
3 - Business (maximizing transferrable value)
5 - Value Maturity Index
4 - Intangible Capitals
3 - Legs of the Stool
2 - Concurrent Paths
1 - Goal = Value
1. Transferring values and purpose, not just assets
2. Creating common ground to collaborate, gain confidence, and develop potential.
3. Develop emotional/functional bridge between wealth, purpose, and society.
1. Identify
2. Protect
3. Build
4. Harvest
5. Manage
Term 2 of 58
What is the definition of Value Acceleration?
A method for reducing operational costs in a business.
A plan for expanding market reach and customer base.
A strategy for increasing employee productivity and morale.
A proven process that focuses on value growth and aligning business, personal, and
financial goals.
,Term 3 of 58
According to the 2013 EPI State of Owner Readiness survey, ______% of owners have no written
personal third-act plan.
50% of owners have a detailed personal third-act plan.
20% of owners have written personal plans for their future.
94% of owners have no written personal third-act plan.
10% of owners have no personal plans at all.
Term 4 of 58
What are the 2 concurrent paths regarding leadership in the Value Acceleration Methodology?
Personal and Business
Discover, Prepare, Decide
Individual and Group
Catastrophic and Incidental
, Term 5 of 58
How does a Charitable Lead Trust (CLAT or TCLAT) work?
Whatever the balance of an account is, we can take 4% per year and that account will last
us the rest of our lives. If I had $10M with a 4% return, that gives me income of $400K per
year.
1. Transferring values and purpose, not just assets
2. Creating common ground to collaborate, gain confidence, and develop potential.
3. Develop emotional/functional bridge between wealth, purpose, and society.
In a charitable remainder trust:
- A donor transfers property, cash or other assets into an irrevocable trust
- The trust's basis in the transferred assets is carryover basis, which is the same basis that it
would be in the hands of the donor, for assets transferred to the trust during the lifetime of
the donor
- The trust pays income to at least 1 living beneficiary
- The payments continue for a specific term of up to 20 years or the life of 1 or more
beneficiaries
- At the end of the payment term, the remainder of the trust passes to 1 or more qualified
U.S. charitable organizations
- The remainder donated to charity must be at least 10% of the initial net fair market value of
all property placed in the trust
- Charitable remainder trusts are irrevocable. Assets that go in can't be taken back.
1. Make a contribution to fund the trust.
2. Payments are sent to the charity.
3. After the specified trust term, the remaining charitable lead trust assets are distributed
back to original donor or heirs
