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Will Power: Test Your Knowledge for National Make-A-Will Month!

Will Power: Test Your Knowledge for National Make-A-Will Month!

August is National Make-A-Will Month! Do you know how essential it is to have a will in place? Test your knowledge with our short quiz and discover just how prepared you are. Ready to get started? Keep track of your answers and check them with the key at the end. Let’s dive in and see how much you really know about wills!

   1. What is a will?

A) A legal document that outlines your wishes for the distribution of your property after death

B) A health directive for medical treatment

C) A document that names a person to handle your financial affairs during your life

 

   2. At what age can you legally create a will in Indiana?

A) 16

B) 18

C) 21

 

   3. Can you make changes to your will after it’s created?

A) Yes, through a codicil or creating a new will

B) No, once it’s created, it can’t be changed

C) Only within the first year after it’s signed

 

   4. What is a beneficiary?

A) A person or entity named in the will to receive assets

B) A person responsible for executing the will

C) A witness to the signing of the will

 

   5. How often should you review your will?

A) Every year

B) Every 3-5 years, or after major life events

C) Only if you move to a new state

 

   6. What is an advance directive?

A) A document that specifies your healthcare wishes if you become incapacitated

B) Another term for a standard will

C) A trust set up during your lifetime

 

   7. Why should you create a will?

A) To ensure your assets are distributed according to your wishes

B) To appoint a guardian for your minor children

C) To minimize potential family disputes

D) All of the above

 

Answers: A, B, A, A, B, A, D.

How did you do?

If you have any questions or would like to create or review your will, contact the attorneys at McNeelyLaw LLP. Our experienced team is here to guide you through the process and ensure that your wishes are clearly documented and legally sound. Don’t wait—take control of your future today.

This McNeelyLaw LLP publication should not be construed as legal advice or legal opinion of any specific facts or circumstances. The contents are intended for general informational purposes only, and you are urged to consult your own lawyer on any specific legal questions you may have concerning your situation.