Lesson Two Quiz:

Click on your response for the correct answer.

5. You can add a new beneficiary to your will by:

A. informing your executor of the change Please try again.

B. executing a codicil Congratulations, correct answer.

C. both of the above Please try again.

6. Your will can provide heirs with good money management if it:

A. offers sound investment advice Please try again.

B. creates a trust and appoints a trustee Congratulations, correct answer.

C. names a guardian Please try again.

7. You may need to revise your will if:

A. your attorney retires Please try again.

B. you receive a large inheritance Congratulations, correct answer.

C. state intestacy laws change Please try again.

8. Those who can serve as executor (personal representative) include:

A. a friend or family member Please try again.

B. a bank trust department Please try again.

C. both of the above Congratulations, correct answer.

9. You can provide bequests to worthwhile organizations:

A. under state intestacy laws Please try again.

B. through a will or codicil (amendment) Congratulations, correct answer.

C. by simply informing the organizations Please try again.

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