A durable

mentally or physically disabled.

power of attorney for health care will is a legal document created by individuals to specify their preferences if they become:(Select the best answer below.)

		a. mentally or physically disabled.
		b. married or divorced.
		c. physically disabled.
		d. mentally disabled.

2.

You need a will to make sure the money in which of these accounts goes to the heirs of your choice? (best choice based on will write up)

		a. You savings and checking accounts
		b. Your IRA
		c. Your 401K
		d. Your life insurance policy and annuities

3.

What is typically covered in a letter of last instruction? (Select the best answer below.)

		a. A letter of last instruction is a document (letter) that describes your preferences regarding trusts, gifts, and charitable contributions for the purpose of avoiding taxes or for other reasons.
		b. A letter of last instruction is a legal document created by individuals to specify their preferences if they become mentally or physically disabled.
		c. A letter of last instruction is a document (letter) that assigns an executor of your estate and a guardian, if necessary, for any children under 18 years of age.
		d. A letter of last instruction is a document (letter) that describes your preferences regarding funeral arrangements and indicates where you have stored any key financial documents such as mortgage and insurance contracts.

4.

If you die with a will, your heirs can skip probate and your personal financial life will remain private

a. True

b. False