Lesson One: Your Estate Planning Scorecard

Click on your response for the correct answer.

1. A trust can accomplish which of the following?

A. Eliminate all your income taxes Please try again.

B. Reduce estate taxes and other costs Congratulations, correct answer.

C. Guarantee profitable investments Please try again.

2. Leaving IRA funds to charity can save:

A. federal income taxes Please try again.

B. federal estate taxes Please try again.

C. both A and B Congratulations, correct answer.

3. Arranging for liquidity in your estate means:

A. buying water utility stock Please try again.

B. providing a cash fund to pay debts, taxes Congratulations, correct answer.

C. investing in oil drilling partnership Please try again.

4. When stock values fall, you should:

A. review your will or living trust Please try again.

B. consider percentage bequests Please try again.

C. both A and B Congratulations, correct answer.

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