When setting up an advance directive, it's important to name a trustworthy person as your _____.A.beneficiaryB.trusteeC.power of attorneyD.executorSUBMITarrow_backPREVIOUS

The person who will receive Duane's benefits in the case of his death is known as her _______________.A.conservatorB.executorC.power of attorneyD.beneficiarySUBMITarrow_backPREVIOUS

A will lays out who will take over your _____ after your death.A.beneficiariesB.assetsC.plansD.trustsSUBMITarrow_backPREVIOUS

What is the main duty of an executor?A.To make sure the beneficiaries do not dispute the willB.To see that the deceased's final wishes are carried outC.To spend the deceased's assets in any way they see fitD.To take custody of children and manage a trust

Which of the following statements about the ‘Estate Planning’, ‘Wills’ and ‘Enduring Power of Attorney’ sections of the lecture material are TRUE:An executor of a will is the person who is responsible to make sure that the assets are distributed according to the instructions provided in the will. An executor cannot be a beneficiary of the will.You cannot leave someone your superannuation in your will because you do not directly own your superannuation as an asset. It is held in trust on your behalf. Instead, someone should generally nominate beneficiaries with their superannuation fund directly.Question 9AnswerNeither of the statements are true (both are false)Only statement 1 is trueOnly statement 2 is trueBoth statements are true (neither are false)

The __________ is the person in charge of the change; the proposal will include their name and contact information.change executorresponsible personmaintenance managersupervisor