What happens if there is no will?

more time consuming and the assets may not go where the decedent intended

What is a penny stock?

A stock that sells for $5 or less

Which of the following is a true statement?

Making a will creates peace of mind and helps protect your family

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Investing and estate planning

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Questions 13

Answers

1
What happens if there is no will?
more time consuming and the assets may not go where the decedent intended
families always agree and will work it out so it's no big deal
no will makes the process simpler
2
What should I know before investing in a company?
all of the above
Is the company profitable
Who are the company's competitors
What does the company do
3
What document appoints a person or persons to make decisions on your behalf if you're not able?
privacy policy
medical release
power of attorney
4
What is a penny stock?
A stock that costs a penny
A stock that sells for $5 or less
A stock that is worth a penny
A stock that sells for $1 or less
5
Which of the following is a true statement?
My family will look after my kids so I don't need an estate plan
My family knows my wishes so I don't need a will
I don't own a lot, so I don't need an estate plan
Making a will creates peace of mind and helps protect your family
6
The period when stock prices are Rising is called
bear market
transaction
bull market
7
Which investment vehicle gives you ownership in a company?
interest
stocks
CDs
dividends
8
A stock market crash can be brought on by
All of these
Fear
Covic-19
war
9
What is the minimum age to open a brokerage account?
no minimum age
18
16
21
10
What's the difference between investment and speculation?
The amount of risk - speculators undertake more risk
The amount of money required - often less for speculators
Investors are usually in for longer terms, speculators for shorter terms
all of the above
11
What document lets others know what your wishes are for end of life care if you are unable to communicate?
advance directive
life insurance policy
HIPAA release
12
When should I make changes to my estate plan?
marriage/divorce/children
once you set up an estate plan, it should not be changed
once per month
when you remodel your home
13
Buying stocks is a guaranteed way to make money
False
True

Investing and estate planning Flashcards | StudBud