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Test your knowledge on Legal Issues!
by
WealthCare Professor
February 8, 2021
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This quizz will test your general knowledge on legal issues.
1
Wills are probated:
true
False
2
If a married person dies without a Will, the surviving spouse automatically receives the entire estate of the deceased spouse:
True
False
3
The individual or trust institution designated in a Will to administer the estate of a deceased individual is called:
Executor
Heir
4
The document where you can appoint another person to make health care decision on your behalf is called:
Durable Power of Attorney for Healthcare
Living Trust
Medical Appointment
Will
5
Who should not be a witness to a Will?
Beneficiary of the Will
Financial Advisor
Your CPA
Your Attorney
6
A prospectus is:
A document describing the financial operations of a corporation
A limited liability corporation
A tax document
7
A corporation is a legal entity:
Created and recognized by state law
Created by the local government
Managed internally by the federal government
8
A software program is protected from illegal distribution under what law:
Trademark
Copyright
9
Which type of law punishes the individuals with financial restitution instead of jail penalties
Administrative
Regulatory
Tort
10
What is a health care proxy:
Person who will receive the pay out of your remaining health insurance
Legal document that appoints someone to make decisions about your health care if you are unable
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