Estate Planning Test questions with
verified answers
Asset - correct answer ✔✔ Something that has value
Estate Planning - correct answer ✔✔ The act of arranging the use of assets during life and the
disposing of those assets after death
When should you consider estate planning - correct answer ✔✔ When you have assets or
children
What 6 things must be considered when choosing a guardian for children - correct answer ✔✔
Religion, age of the people, where they live, how much they work, their income, and can they
handle it
How many years do you have to have estate planning done to go into a nursing home - correct
answer ✔✔ 2 years
What do you need to consider for a will once your older - correct answer ✔✔ You do not have
to leave everything for your children, and you will need to have a sound mind
What does the executor of the will do - correct answer ✔✔ Splits everything up, and possibly
finds errors
What are the two types of power of attorneys - correct answer ✔✔ Medical and financial (in
most cases it is the spouse)
verified answers
Asset - correct answer ✔✔ Something that has value
Estate Planning - correct answer ✔✔ The act of arranging the use of assets during life and the
disposing of those assets after death
When should you consider estate planning - correct answer ✔✔ When you have assets or
children
What 6 things must be considered when choosing a guardian for children - correct answer ✔✔
Religion, age of the people, where they live, how much they work, their income, and can they
handle it
How many years do you have to have estate planning done to go into a nursing home - correct
answer ✔✔ 2 years
What do you need to consider for a will once your older - correct answer ✔✔ You do not have
to leave everything for your children, and you will need to have a sound mind
What does the executor of the will do - correct answer ✔✔ Splits everything up, and possibly
finds errors
What are the two types of power of attorneys - correct answer ✔✔ Medical and financial (in
most cases it is the spouse)
