Trust Pre Knowledge Check
Authored by Mejan Mejan
Education
Professional Development
Used 1+ times
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19 questions
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1.
OPEN ENDED QUESTION
3 mins • 1 pt
Enter Your Name
Evaluate responses using AI:
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2.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
What Assets can you place in a Trust?
Bonds
ISA
Property
Money
I Don't Know
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Probate is required with a Trust
True
False
I Don't Know
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
With a Trust, the information is available to the public just like a Will.
True
False
I Don't Know
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A Living Trust is effective immediately
True
False
I Don't Know
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A Settlor is the person that is...
Putting the Assets into the Trust
Being trusted to look after the Assets
Going to benefit from the Trust
I Don't Know
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A Trustee is the person that is...
Putting the Assets into the Trust
Being trusted to look after the Assets
Going to benefit from the Trust
I Don't Know
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