13099882
Frage 1
Frage
If you pass away without a will, what happens?
Antworten
-
Your spouse gets everything.
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The provincial government steps in to manage your estate.
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Someone needs to apply to the Supreme Court to be allowed to manage your estate.
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Your next of kind becomes responsible for managing your estate.
Frage 2
Frage
You can handwrite your own legally valid will.
Antworten
- True
- False
Frage 3
Frage
In your will, the term "children" includes:
(select all that apply)
Antworten
-
All minors that reside within your primary residence.
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Your biological offspring.
-
Any adopted individuals.
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Your step-children.
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Any individuals whom you have raised.
Frage 4
Frage
Across Canada, being legally married and being common-law spouses are the same thing for estate planning purposes.
Antworten
- True
- False
Frage 5
Frage
What is probate?
Antworten
-
An amount charged by an estate lawyer.
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A court process that states your will is valid, and everyone should follow your instructions.
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An amount charged by the government, also known as a death tax.
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A court process that decides who will inherit first.
Frage 6
Frage
Every will needs to be probated.
Antworten
- True
- False
Frage 7
Frage
The following types of assets are included in the estate:
(select all that apply)
Antworten
-
Personal belongings.
-
Life insurance naming a beneficiary.
-
Jointly owned property.
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Individually owned property.
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Pensions.
Frage 8
Frage
Anyone who feels a will is unfair can contest it.
Antworten
- True
- False
Frage 9
Frage
What can be included in incapacity documents?
(select all that apply)
Antworten
-
Choosing someone to speak for you.
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Deciding ahead of time what kinds of things you would like to have happen.
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Restrictions for what kinds of things you don't want to have happen.
Frage 10
Frage
The government takes a portion of your estate when you pass away.
Antworten
- True
- False
Frage 11
Frage
An Advance Healthcare Directive is the same thing as a Do Not Resuscitate (DNR) order.
Antworten
- True
- False
Frage 12
Frage
When should you update your will?
(select all that apply)
Antworten
-
When your spouse passes away.
-
Never. Wills don't expire.
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When you get married or divorced.
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When you have children or grandchildren.
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Every 7 years.
Frage 13
Frage
A photocopy of your will can be used for probate if the original gets lost.
Antworten
- True
- False
Frage 14
Frage
Which of the following jobs does an executor do?
(select all that apply)
Antworten
-
Distribute your assets according to your will.
-
Decide if your will seems fair.
-
Make funeral arrangements.
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