Unit 8 Estate planning
Quiz by Teresa
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25 questions
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- Q1money set aside for the futuresavings30s
- Q2a strategy to earn more on your money that the rate of inflation.Investing30s
- Q3the accumulation of assets over your lifetimewealth30s
- Q4money set aside for unplanned expenses.emergency fund30s
- Q5a measure of how quickly an asset can be turned into cash.liquidity30s
- Q6unplanned or possible eventscontingencies30s
- Q7the ability to meet current and future needs while living comfortably.financial security30s
- Q8a period of time usually in later years when you are not working but are able to meet expenses through other income expenses.retirement30s
- Q9all that a person owns less debt owned at the time of the person death.estate30s
- Q10a fund or organization established and maintained for the purpose of supporting an institution or a cause.foundation30s
- Q11A definite plan for the administration and disposition of one's property during one's life-time and at one's deathestate planning30s
- Q12The legal declaration of a person's mind as to the disposition of his or her property after deathwill30s
- Q13A will that leaves everything to the spouse also called I love you will.simple will30s
- Q14A will in which the grantor leaves one-half of the adjusted gross estate to the spouse.Traditional marital share will30s
- Q15A hand-written will.Holographic will30s