estate planning exam 1 questions with
correct answers graded A+
Some of the risks associated with estate planning:
-lack of ______ for a potential period of _________________
-lack of _________ by the clients family of the client's ______ for health and long-term care if
the client is ______________ their preferences
-transfer of property _______ to the clients wishes
-_________ financial provision for the clients family
-emergence of ________ problems at the time of death - correct answer ✔✔ -lack of
preparation for a potential period of diminished capacity
- lack of awareness by the clients family of the clients wishes for health and long term care if the
client is unable to communicate their preferecnes
-transfer of property contrary to the clients wishes
-insufficient finanical provision for the clients family
emergence of liquidity problems at the time of death
, why do some people avoid estate planning?
-_____ and _____ reasons
-contemplating their own mortality induces ________
-______ over who to name as fiduciaries or to whom a certain property should be _____
-concern about how _____ or unequal gifts or bequests will be perceived by potential ______
-______ disorders which make it difficult to part with even small assets
-______ fatigue resulting from the numerous amt of decisions that are required in estate
planning - correct answer ✔✔ -emotional and practical reaons
-induces anxiety
-indecisiveness over who to..
-concern about equal or unequal...by potential stakeholders
-hoarding disorders
-decision fatigue
What is the unauthorized practice of law? - correct answer ✔✔ offering legal opinions or
conclusions
correct answers graded A+
Some of the risks associated with estate planning:
-lack of ______ for a potential period of _________________
-lack of _________ by the clients family of the client's ______ for health and long-term care if
the client is ______________ their preferences
-transfer of property _______ to the clients wishes
-_________ financial provision for the clients family
-emergence of ________ problems at the time of death - correct answer ✔✔ -lack of
preparation for a potential period of diminished capacity
- lack of awareness by the clients family of the clients wishes for health and long term care if the
client is unable to communicate their preferecnes
-transfer of property contrary to the clients wishes
-insufficient finanical provision for the clients family
emergence of liquidity problems at the time of death
, why do some people avoid estate planning?
-_____ and _____ reasons
-contemplating their own mortality induces ________
-______ over who to name as fiduciaries or to whom a certain property should be _____
-concern about how _____ or unequal gifts or bequests will be perceived by potential ______
-______ disorders which make it difficult to part with even small assets
-______ fatigue resulting from the numerous amt of decisions that are required in estate
planning - correct answer ✔✔ -emotional and practical reaons
-induces anxiety
-indecisiveness over who to..
-concern about equal or unequal...by potential stakeholders
-hoarding disorders
-decision fatigue
What is the unauthorized practice of law? - correct answer ✔✔ offering legal opinions or
conclusions
