WME Exam 2 Family Law, Risk Management and Tax Planning Case Guide

CSI WME Exam 2 topic guide for family law, risk management and tax planning, with case lessons, priority cues, planning traps, and review priorities.

Family Law, Risk Management and Tax Planning is a WME Exam 2 topic weighted at 14%. Use this landing page to frame the case issue first, then move into the chapter lessons for the exact discovery, tax, retirement, estate, investment, securities, product, or monitoring cue.

What This Topic Is Testing

WME Exam 2 questions in this topic test whether a candidate can extract the controlling facts from a case. Focus on goals, deadlines, liquidity, risk capacity, tax, legal and family issues, product fit, missing information, and the first defensible next step.

Chapter Lessons

LessonMain review cue
Legal Aspects of Family Dynamicsfamily-law facts, ownership, support obligations, separation risk, beneficiary effects, and legal referral triggers
Personal Risk Management Processinsurance need, exposure severity, risk transfer, income protection, liability gaps, and priority ranking
Understanding Tax Returnstax return interpretation, marginal rates, deductions, credits, attribution, timing, and after-tax case priorities
Tax Reduction Strategiestax return interpretation, marginal rates, deductions, credits, attribution, timing, and after-tax case priorities

Better First Instincts

If the case feels most like…Better first move
too many facts at oncesummarize client, goal, deadline, and dominant constraint before answering
missing or inconsistent informationclarify facts before selecting the final recommendation
retirement, estate, tax, or insurance conflictrank planning priorities before product implementation
portfolio or product fitconnect the product to risk capacity, objective, tax, liquidity, and monitoring

Common Traps

  • reading a case question like a standalone definition question
  • solving the easiest visible fact instead of the most important client issue
  • calculating before identifying why the calculation matters
  • choosing an implementation answer when the stronger answer is discovery, clarification, documentation, or monitoring

In this section

Revised on Friday, May 29, 2026