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Which parts of estate planning are the most confusing?

Navigating the complicated legal documents that make up an estate plan can be frustrating and stressful. We want to shed light on which parts of estate planning are the most challenging.

Please answer the following questions to the best of your knowledge without the use of Google or any other resources. If you do not know the answer, please choose “Unsure” instead of guessing.

Question Title

* Which of the following documents would you say you have a general understanding of? (Check all that apply)

Last Will and Testament

Living Trust

Pour-Over Will

Power of Attorney

End-of-Life Plan/End-of-Life Checklist/Funeral Plan/Funeral Arrangements

Living Will/Medical Power of Attorney/Health Care Directive/Advance Directive

Just-in-Case Instructions/Estate Planning Letter of Instruction/Executor Instruction Letter/Letter of Last Instructions

Personal Care Profile

Codicil

None of the above

Question Title

* True or False: An estate plan only includes documents that are useful after your death.

True

False

Unsure

Question Title

* Which of the following best defines a Last Will and Testament?

A directive that allows you to plan your medical treatment in advance should there ever come a time when you are unable to express your personal wishes.

A legal document that allows you to specify how you want your assets distributed after you pass away.

A legal document that allows a third party to hold assets on behalf of the beneficiaries and distribute them once you pass away.

Unsure

Question Title

* True or False: If you have a Last Will and Testament, your assets will not have to go through probate court.

True

False

Unsure

Question Title

* Which of the following best defines a Living Trust?

A legal document that allows you to appoint another person to act on your behalf should you ever require someone to make short- or long-term decisions for you.

A directive that allows you to plan your medical treatment in advance should there ever come a time when you are unable to express your personal health care wishes.

A legal document that allows a third party to hold assets on behalf of the beneficiaries and distribute them once you pass away.

Unsure

Question Title

* A Power of Attorney (POA) is a legal document that allows you to appoint another person to act on your behalf should you ever require someone to make short- or long-term decisions for you.
With a POA, you can grant your personal representative the authority to make decisions regarding which of the following areas: (Check all that apply)

Your real estate

Your business

Your finances

Your family’s care

Your medical care

None of the above

Unsure

Question Title

* Which of the following best defines a Living Will, also known as a Health Care Directive or Advance Directive?

A legal document that outlines your wishes once you pass away, including how you want your body to be dealt with and whether you would like any funeral or memorial services to be held in your name.

A document that authorizes the release of a patient's medical and health information to another physician, individual, or organization.

A document that you use to indicate your medical wishes in the event you are incapacitated or cannot consent to your health care treatment.

Unsure