A will lays out who will take over your _____ after your death.A.beneficiariesB.assetsC.plansD.trustsSUBMITarrow_backPREVIOUS

A will is a way to:A.give others your advance directives for extreme medical cases.B.give others some of your assets while you're still alive.C.tell others of your wishes for your property after your death.D.tell others of your preferences for medical treatment.SUBMITarrow_backPREVIOUS

Which of the following statements about the ‘Estate Planning’, ‘Wills’ and ‘Enduring Power of Attorney’ sections of the lecture material are TRUE:An executor of a will is the person who is responsible to make sure that the assets are distributed according to the instructions provided in the will. An executor cannot be a beneficiary of the will.You cannot leave someone your superannuation in your will because you do not directly own your superannuation as an asset. It is held in trust on your behalf. Instead, someone should generally nominate beneficiaries with their superannuation fund directly.Question 9AnswerNeither of the statements are true (both are false)Only statement 1 is trueOnly statement 2 is trueBoth statements are true (neither are false)

The person who will receive Duane's benefits in the case of his death is known as her _______________.A.conservatorB.executorC.power of attorneyD.beneficiarySUBMITarrow_backPREVIOUS

Someone legally appointed to care for children if their parents die has _____.A.custodyB.power of attorneyC.inheritance rightsD.kinshipSUBMITarrow_backPREVIOUS

In a trust, the Blank______ delivers and transfers legal title to property to a Blank______, who holds and uses the property for the benefit of a third person. (Choose ONE correct answer)Multiple choice question.settlor; beneficiarybeneficiary; trusteetrustee; settlorsettlor; trustee