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  3. Personal Finance Study Set 5
  4. Quiz 19: Estate Planning

In Estate Planning,if You Are Married

Question 71
Multiple Choice

In estate planning,if you are married: A)you do not need a will as your spouse is entitled to all of your assets. B)your estate planning becomes simpler once you have children. C)you should let your spouse do all of your estate planning. D)your situation is more complex than when you were still single. E)your planning consists solely of naming beneficiaries for your life insurance.

Related questions
Q 72
Which of the following is a part of estate planning? A)Making a will B)Setting up a trust C)Accumulating funds for your future D)Disposing of your property at your death E)All of these are part of estate planning.
Q 73
Which of the following is true if you are an unmarried couple? A)A partner has the same legal rights as a spouse. B)Unmarried couples can use the marital deduction. C)Estate planning is less important for unmarried couples. D)If your partner is not named as the beneficiary, your pension plan proceeds will go to your closest blood relative. E)All of these are true about unmarried couples.
Q 74
Which of the following is an important document needed for estate planning? A)Your driver's license B)Your transcript from college C)Your birth certificate D)Your birthday cards E)All of these documents are needed in estate planning.
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