Northwestern University: Estate Planning Lessons

Lesson Two Quiz:
Click on your response for the correct answer.

1. In a nutshell, making a will enables you to:		3. A “letter of instruction” enables your executor to:
A. avoid probate Please try again.		A. reduce death taxes on your estate Please try again.
B. make decisions that can safeguard your estate and beneficiaries Congratulations, correct answer.		B. pass personal items to special people Congratulations, correct answer.
C. reduce your current income taxes Please try again.		C. avoid probate Please try again.

2. People who die without wills risk having their estates distributed:		4. You should review your will:
A. to people who are unrelated to them Please try again.		A. every ten years Please try again.
B. according to state “intestacy” laws Congratulations, correct answer.		B. each time your car has an oil change Please try again.
C. to the federal government Please try again.		C. at least once a year Congratulations, correct answer.