Financial Planning for the Future

Step Three: Evaluating Your Knowledge

How well do you understand what is involved in protecting your loved one's financial future?

Do you understand all the information presented so far in this section, about planning for financial concerns? If you are not sure, you probably need to review Step Two, Financial Concerns Definitions and/or the FAQs in this section, before going on.

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1. Most middle income families don't need a will.	True False
2. It's a good idea to use a standardized form to make out your will, to be sure you don't miss anything.	True False
3. A parent should leave an inheritance directly to a son or daughter with a disability.	True False
4. Receiving an inheritance won't cause a person with a disability to lose SSI benefits, as long as he/she has been receiving them for 10 years.	True False
5. A sure way to protect the future of your family member is to leave your estate to a reliable third party or agency, to care for your child.	True False
6. The best way to leave an inheritance and protect a person's eligibility for government benefits is to use a Supplemental Trust.	True False
7. Once you make a will it's done, and you never have to look at it again.	True False
8. Dying "in testate" means you were born in another state.	True False
9. You can set up a trust at the same time as you draw up a will.	True False
10. A will is one place to name the person you want as a successor guardian.	True False

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If you feel comfortable with all of the concepts discussed in the Financial Section, perhaps now would be a good time to document financial choices for your loved one's protection. Please continue on to Step Four: Documenting Your Choices by Clicking Here.