Unlock and Upgrade

Remove all limits from your Quizzes

You've reached the limit of our free version but can immediately unlock and go pro.

Continue No thanks

Make your own Quiz

Make your own Quiz Copy & Edit

Make your own quiz Manage my Quizzes Plans / Features Guides and Help Contact Privacy & Security

Test Your Estate Planning Knowledge

What is the typical cost of probate proceedings?

2% to 7% of the estate value

Flat fee in most states

Depends on the size of the trust documents

When does the estate plan take effect?

As soon as the documents are signed and dated

Upon death or incapcitation

Upon death only

What is the advantage of having a trust over a will?

Assets pass tax free

A trust is a more comprehensive document

The trust does not have to be processed in court

What happens when a person dies without a will?

The state decides what to do with the assets

The assets go to the state

Family members decide who receives the assets

How often should you review your trust documents?

Every 10 years

Every five years

Every year

If a person dies intestate - it means:

The person died in their home state

The person died while in a nursing home

The person died without a legal will

What percentage of Elvis Presley's 10 million estate was subject to probate, taxes and fees

55 percent

73 percent

81 percent

According to Forbes what percentage of Americans do not have a will

39 percent

55 percent

47%

{"name":"Test Your Estate Planning Knowledge", "url":"https://www.quiz-maker.com/QPREVIEW","txt":"What is the typical cost of probate proceedings?, When does the estate plan take effect, What is the advantage of having a trust over a will","img":"https://www.quiz-maker.com/3012/images/ogquiz.png"}