Question Details

FP 101 Week 5 QUIZ

1.	Why should you never designate minor children as your primary beneficiary, but instead put assets intended for them into a trust?

2.	When you have a will, what is the name of the court procedure that the will has to go through before assets are giving to the beneficiaries? 

3.	Having a durable power of attorney for health care (PoA) in place is a good idea in the event that

4.	How are an advance directive and durable power of attorney (PoA) for health care related? 


5.	What is the main difference between a will and a living will?

6.	The person who creates a durable power of attorney for health care is known as the

7.	How does a durable power of attorney for health care (PoA) differ from a traditional power of attorney?

8.	Funding a revocable living trust involves which of the following: 

9.	What is the difference between a will and an advance directive?

10.	The legal document that lets you transfer assets to your beneficiaries without having those assets pass through probate is called