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Powers of Attorney and Living Wills

Description: Powers of Attorney and Living Wills Quiz
Number of Questions: 14
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Tags: estate planning powers of attorney living wills
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What is a power of attorney?

  1. A legal document that gives someone the authority to act on your behalf

  2. A type of will that allows you to leave your property to your loved ones

  3. A document that allows you to appoint someone to make medical decisions for you if you are unable to do so yourself

  4. A legal document that allows you to transfer ownership of your property to someone else

Show answer
Correct Option: A
Explanation:

A power of attorney is a legal document that gives someone the authority to act on your behalf. This can include making financial decisions, managing your property, or making medical decisions.

What are the two main types of powers of attorney?

  1. General and specific

  2. Durable and non-durable

  3. Medical and financial

  4. Temporary and permanent

Show answer
Correct Option: B
Explanation:

The two main types of powers of attorney are durable and non-durable. A durable power of attorney remains in effect even if you become incapacitated, while a non-durable power of attorney terminates if you become incapacitated.

What is a living will?

  1. A legal document that allows you to appoint someone to make medical decisions for you if you are unable to do so yourself

  2. A type of will that allows you to leave your property to your loved ones

  3. A document that allows you to transfer ownership of your property to someone else

  4. A legal document that gives someone the authority to act on your behalf

Show answer
Correct Option: A
Explanation:

A living will is a legal document that allows you to appoint someone to make medical decisions for you if you are unable to do so yourself. This can include decisions about life-sustaining treatment, pain management, and end-of-life care.

What is the difference between a power of attorney and a living will?

  1. A power of attorney gives someone the authority to act on your behalf, while a living will allows you to appoint someone to make medical decisions for you

  2. A power of attorney is a temporary document, while a living will is a permanent document

  3. A power of attorney can be revoked at any time, while a living will cannot

  4. A power of attorney is only valid in the state where it is created, while a living will is valid in all states

Show answer
Correct Option: A
Explanation:

A power of attorney gives someone the authority to act on your behalf, while a living will allows you to appoint someone to make medical decisions for you. A power of attorney can be used for a variety of purposes, such as managing your finances or making medical decisions, while a living will is only used to make medical decisions.

Who should I choose as my agent under a power of attorney?

  1. Someone who is trustworthy and reliable

  2. Someone who is knowledgeable about your financial affairs

  3. Someone who is familiar with your medical history

  4. All of the above

Show answer
Correct Option: D
Explanation:

When choosing an agent under a power of attorney, you should consider someone who is trustworthy and reliable, knowledgeable about your financial affairs, familiar with your medical history, and who will act in your best interests.

What should I include in my living will?

  1. Your wishes regarding life-sustaining treatment

  2. Your wishes regarding pain management

  3. Your wishes regarding end-of-life care

  4. All of the above

Show answer
Correct Option: D
Explanation:

Your living will should include your wishes regarding life-sustaining treatment, pain management, end-of-life care, and any other medical decisions that you want to make in advance.

When should I create a power of attorney and a living will?

  1. As soon as you turn 18

  2. When you get married

  3. When you have children

  4. When you become ill or incapacitated

Show answer
Correct Option: A
Explanation:

It is a good idea to create a power of attorney and a living will as soon as you turn 18, even if you are healthy and have no dependents. This will ensure that your wishes are known in the event that you become incapacitated.

Can I change my mind about my power of attorney or living will?

  1. Yes, you can change your mind at any time

  2. No, you cannot change your mind once you have created a power of attorney or living will

  3. You can change your mind, but only if you do it in writing

  4. You can change your mind, but only if you do it in front of a notary public

Show answer
Correct Option: A
Explanation:

You can change your mind about your power of attorney or living will at any time. You can do this by creating a new power of attorney or living will, or by revoking your existing power of attorney or living will.

What happens if I do not have a power of attorney or living will?

  1. The court will appoint someone to make decisions for you

  2. Your family will make decisions for you

  3. Your doctor will make decisions for you

  4. All of the above

Show answer
Correct Option: A
Explanation:

If you do not have a power of attorney or living will, the court will appoint someone to make decisions for you. This person will be known as your guardian or conservator.

Are powers of attorney and living wills valid in all states?

  1. Yes, they are valid in all states

  2. No, they are only valid in the state where they are created

  3. They are valid in most states, but not all

  4. It depends on the type of power of attorney or living will

Show answer
Correct Option: A
Explanation:

Powers of attorney and living wills are valid in all states. However, some states have specific requirements for the creation and execution of these documents.

What is a springing power of attorney?

  1. A power of attorney that only takes effect when you become incapacitated

  2. A power of attorney that only takes effect when you reach a certain age

  3. A power of attorney that only takes effect when you move to a new state

  4. A power of attorney that only takes effect when you get married

Show answer
Correct Option: A
Explanation:

A springing power of attorney is a power of attorney that only takes effect when you become incapacitated. This type of power of attorney is often used to protect people who are at risk of becoming incapacitated, such as people with Alzheimer's disease or other forms of dementia.

What is a durable power of attorney?

  1. A power of attorney that remains in effect even if you become incapacitated

  2. A power of attorney that only takes effect when you become incapacitated

  3. A power of attorney that only takes effect when you reach a certain age

  4. A power of attorney that only takes effect when you move to a new state

Show answer
Correct Option: A
Explanation:

A durable power of attorney is a power of attorney that remains in effect even if you become incapacitated. This type of power of attorney is often used to protect people who are at risk of becoming incapacitated, such as people with Alzheimer's disease or other forms of dementia.

What is a general power of attorney?

  1. A power of attorney that gives the agent broad authority to act on your behalf

  2. A power of attorney that gives the agent limited authority to act on your behalf

  3. A power of attorney that only takes effect when you become incapacitated

  4. A power of attorney that only takes effect when you reach a certain age

Show answer
Correct Option: A
Explanation:

A general power of attorney is a power of attorney that gives the agent broad authority to act on your behalf. This type of power of attorney can be used for a variety of purposes, such as managing your finances, making medical decisions, or selling your property.

What is a limited power of attorney?

  1. A power of attorney that gives the agent limited authority to act on your behalf

  2. A power of attorney that only takes effect when you become incapacitated

  3. A power of attorney that only takes effect when you reach a certain age

  4. A power of attorney that only takes effect when you move to a new state

Show answer
Correct Option: A
Explanation:

A limited power of attorney is a power of attorney that gives the agent limited authority to act on your behalf. This type of power of attorney is often used for specific purposes, such as managing a particular financial account or making a specific medical decision.

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