1. Intro to Estate Planning Quiz - Exam 1
Questions and Answers Graded A+
Which of the following are estate planning goals?
All of the above
Fulfilling client's healthcare decisions
Minimizing transfer taxes
Providing liquidity at death - Correct answer-All of the above
Which of the following advisors can play an advisory role on the estate planning
team?
Financial planners
CPAs
All of the above
Attorneys - Correct answer-All of the above
©COPYRIGHT 2025, ALL RIGHTS RESERVED 1
, True or False: You are a Certified Financial Planning profession but you are not an
attorney. Your client asks you to help them creating a will using legalzoom.com.
You are able to help them.
True
False - Correct answer-False
You are a Financial Planner but not a licensed attorney. Which of the following
activities would be considered the unauthorized practice of law?
Preparing a will for a client
Reading the will and trusts for a client
Helping a client to identify their estate planning goals
Preparing a Net Worth Statement for a client - Correct answer-Preparing a will for
a client
John has decided not to prepare an estate plan because he thinks the costs are too
high. All of the following are risks of not having an estate plan EXCEPT:
John's current wife may not provide for his children from a prior marriage
John's estate could incur extra transfer taxes
John's IRA will not be paid to his beneficiary
©COPYRIGHT 2025, ALL RIGHTS RESERVED 2
Questions and Answers Graded A+
Which of the following are estate planning goals?
All of the above
Fulfilling client's healthcare decisions
Minimizing transfer taxes
Providing liquidity at death - Correct answer-All of the above
Which of the following advisors can play an advisory role on the estate planning
team?
Financial planners
CPAs
All of the above
Attorneys - Correct answer-All of the above
©COPYRIGHT 2025, ALL RIGHTS RESERVED 1
, True or False: You are a Certified Financial Planning profession but you are not an
attorney. Your client asks you to help them creating a will using legalzoom.com.
You are able to help them.
True
False - Correct answer-False
You are a Financial Planner but not a licensed attorney. Which of the following
activities would be considered the unauthorized practice of law?
Preparing a will for a client
Reading the will and trusts for a client
Helping a client to identify their estate planning goals
Preparing a Net Worth Statement for a client - Correct answer-Preparing a will for
a client
John has decided not to prepare an estate plan because he thinks the costs are too
high. All of the following are risks of not having an estate plan EXCEPT:
John's current wife may not provide for his children from a prior marriage
John's estate could incur extra transfer taxes
John's IRA will not be paid to his beneficiary
©COPYRIGHT 2025, ALL RIGHTS RESERVED 2
