Estate Planning: Taxes, Trusts & Gifts


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question 1 of 3

What is a benefactor?

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1. Which answer is true as it relates to beneficiaries?

2. Annette owns several assets, and although she does not have children, she would like to leave her nieces and nephews something in the event of her death. She wants to leave them a credit card. Why would this be a problem?

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About This Quiz & Worksheet

Get ready to find out what you know about estate planning strategies. Accessing this quiz and worksheet will test your understanding of the laws surrounding estate planning.

Quiz & Worksheet Goals

You can use this quiz to test your knowledge of:

  • Benefactors
  • Beneficiaries
  • Trusts

Skills Practiced

Study skills needed to complete this quiz include:

  • Reading comprehension - ensure that you draw the most important information from the related lesson on estate planning
  • Information recall - access the knowledge you've gained regarding assets that can be left to other people
  • Knowledge application - use your knowledge to answer a question about gift tax

Additional Learning

You can find out even more about this subject by studying the lesson entitled Estate Planning: Taxes, Trusts & Gifts. You can use this lesson to improve your understanding of:

  • Reasons to complete estate planning
  • Estate planning steps
  • Laws related to estate planning