Life & Estate Planning Quiz

Question #1: What percentage of Canadian families have no will?

The answer is C - 46%

Question #2: Over 50% of all Canadian families polled admit to never having had a family meeting on estate planning.

The answer is A - True

Question #3: Due to our longer life expectancies, widows outnumber widowers by four to one.

The answer is A - True

Question #4: When more than two executors are appointed in a will, they must act unanimously.

The answer is A - True

Question #5: The key benefits of a will are:

The answer is E - All of the above

Question #6: Power of Attorney grants an individual with the authority to act on behalf of an ill or disabled person or a person out of the country. This includes which of the following decisions:

The answer is E - A & D

Question #7: Probate is the legal process of confirming the validity of a will and executor.

The answer is A - True

Question #8: Segregated funds are an ideal type of asset for estate planning because

The answer is E - All of the above

Question #9: How much of your current income will you need to maintain your lifestyle during retirement?

The answer is D - 70%

Back to Quizzes
Contact Thierman Financial Today - 306-922-2577