A Quick Quiz About Estate Stuff Worth Knowing

Written on January 30, 2013 – 5:56 am | by Elaine Blades

Meriam-Webster is my “go to” online dictionary. In addition to the usual dictionary stuff, the site has a number of cool quizzes, including “name that thing” and “how strong is your vocabulary”. There’s also a true or false test subtitled “a quick quiz about stuff worth knowing”. With thanks to M-W for the idea, here’s a quick T/F quiz about estate stuff worth knowing.

A beneficary cannot act as executor of your Will
Under federal and provincial law, common law and legally married spouses are now treated equally for all purposes
In Ontario, marriage revokes a Will
In Ontario, divorce revokes a Will
A Power of Attorney for Property can only be used in the event the grantor is declared mentally incapable
Unless other stated, a Power of Attorney for Property is effective when signed
The capacity threshold for marrying is lower than the capacity threshold for making a Will
Alter-ego and joint partner trusts offer a legitimate way to reduce probate fees
An executor residing outside the Commonwealth may be required to post a surety bond in order to act
Canadians are taxed on the basis of citizenship

More estate stuff worth knowing next time.

Thanks for reading.

1F, 2F, 3T, 4F, 5F, 6T, 7T, 8T, 9T, 10F

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