How did you do? You answered [WLQuiz_Total_Correct_Answers name=Protect Your Financial Life Map Q6: Check Your Understanding: Ot id=21] out of [WLQuiz_Total_Questions name=Protect Your Financial Life Map Q6: Check Your Understanding: Ot id=21] questions correctly. See the correct answers to each question below:

1) Only people with a large amount of assets need a trust.
Correct Answer: False

2) What is a living will?
Correct Answer: A living will tells a doctor or hospital what action to take in a dire situation.

3) What is a healthcare proxy?
Correct Answer: A healthcare proxy designates someone to make medical decisions on your behalf.

4) What is a durable power of attorney?
Correct Answer: A document that appoints someone to make financial decisions on your behalf.

Congratulations! You’ve finished this course! Return to the Dashboard