Test your knowledge about Wills.

Take this Quiz to test your knowledge of how your hard earned assets would be treated after you die. Take steps to organize your affaris now to avoid a lot of heartache for your surviving family.

I have created this quiz as I regularly come across many people who have no idea of how their assets would be distributed after they die, and many who do not plan this inevitable part of our lives.

Created by: 1canada2
  1. If you die without a Will, the first $200,000.00 of your assets go to?
  2. If you are not married and have no children, who gets all of your assets if you die without a Will?
  3. In your Will, can you leave everything you own to a charity of your choice?
  4. Your Will gives a specified share of your estate to your spouse. Can he or she get the share if you were separated at the time of your death?
  5. After divorcing your wife, you forgot to change your Will removing her as a beneficiary. Is she entitled to the share set out in your Will?
  6. In your Will, you say that you leave "my Mercedes" to my son. You traded in your old Mercedes for a newer Mercedes just months before you died. Is your son entitled to the new Mercedes.
  7. In your Will, you leave a certain share of your estate to your daughter. However, she died before you died. What happenes to her share?
  8. You leave your estate to two of your three children. One of the two died before you died leaving behind a spouse but no children. Who gets the share of the deceased child?
  9. You died without a Will leaving behind a wife from whom you were separated for seven years, living with a common-law wife for the past four years, and two children, one from each wife. Who is legally entitled to your estate?
  10. On your death you owned an investment property owned as "joint tenants" with your sister. Who gets your share of this property.
  11. You are not divorced from your wife and separated fom her for over ten years, and have no children of your own. You have lived with your common-law wife and her two children for over seven years, and you died without a Will. Who is entitled to your estate?
  12. After your death, your estate must pay probate fees on the value of all of your assets, including jointly held assets,less debts.
  13. On probating a Will, the following assets do not have to be accounted for to pay probate fees on their values.

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Quiz topic: Test my knowledge about Wills.