The Ultimate How Wills Work Quiz
by Staff
Almost everyone should have a legally binding and updated will. It's important that your possessions and hard earned assets are divided up according to your wishes after you die. Wills are easier and cheaper to complete than you may think. Take this quiz and learn about how to create a legally binding will.

Who should have a will?

  • anyone of retirement age
  • anyone of legal age
  • anyone with children

Who needs to sign a will?

  • a testator
  • a testator and a lawyer
  • a testator and one witness

Besides assets and possessions, what else can be included in a will?

  • burial instructions
  • insurance policies
  • both of the above

In order for your will to be legally binding, you must be:

  • free of mental illness
  • aware of your assets and possessions
  • both of the above

Who is the most important person named in a will?

  • yourself
  • your executor
  • your beneficiary

Who should be your executor in your will?

  • someone who has business experience
  • someone you trust
  • both of the above

What type of will is most commonly challenged in probate court?

  • oral wills
  • deathbed wills
  • combat wills

Deathbed wills must be witnessed by:

  • at least two witnesses
  • a lawyer and two witnesses
  • a lawyer, a doctor and two witnesses

Who is likely to make an oral will?

  • people who cannot read
  • children
  • soldiers in combat

What are holographic wills?

  • wills that are written with pictures of your possessions
  • informal wills that are handwritten
  • wills that are completed online

What should you do if you create a do-it-yourself will?

  • Review your state's law regarding legal wills.
  • Have the will reviewed by a lawyer.
  • either of the above

What type of will is least likely to be challenged in court?

  • self-probating wills
  • wills drafted by a will office
  • wills created by using government forms

What should you do if you want to make changes to your existing will?

  • You can create an entirely new will.
  • You can add an amendment to your existing will.
  • either of the above

Who is entitled to contest a will in probate court?

  • someone that is mentioned in the will
  • someone that should have been mentioned in the will
  • both of the above

Why are wills typically contested in probate court?

  • on the grounds of fairness
  • due to omissions
  • disapproval of the executor chosen

Disinheriting family members in a will is fairly common. Which family member is legally protected from being disinherited in a will?

  • spouse
  • child
  • sibling

What can make a current will immediately invalid?

  • divorce
  • death of a beneficiary
  • both of the above

Who is required to pay estate taxes?

  • the testator
  • the beneficiary
  • the estate

What is a living will?

  • a will that divides up your assets while you are still alive
  • a will that dictates your health care wishes
  • a will that can easily be changed while you are alive

Living wills are:

  • difficult to complete and require a lawyer
  • easy to complete
  • expensive and unnecessary