Estate Planning Quiz: How Prepared Are You?

Estate Planning Quiz: How Prepared Are You?

When it comes to estate planning, many people assume everything is in order, but small gaps or misunderstandings can lead to bigger problems later on.

This quick quiz is designed to help you understand how prepared you really are and highlight any areas that may need attention.

Answer the questions below and see how confident you feel about your current arrangements.

1. Which of these would invalidate a Will in England and Wales?
A. Moving house
B. Getting married
C. Changing jobs
D. Having a birthday

2. What happens if you pass away without a valid Will?
A. Your family decides who gets what
B. Everything automatically goes to your partner
C. Your estate is distributed under strict legal rules
D. It goes to the government

3. When should you review your Will?
A. Only once it’s written
B. Every 10 years
C. Every 3 to 5 years or after major life changes
D. Only if a solicitor tells you to

4. Which of the following is NOT a requirement for a valid Will?
A. It must be signed
B. It must be witnessed by two independent people
C. It must be approved by a court
D. The person making it must have mental capacity

5. What is the role of an executor in a Will?
A. To inherit your estate
B. To carry out the instructions in your Will
C. To witness the signing of your Will
D. To write the Will for you

6. What happens to your Will after a divorce?
A. It becomes completely invalid
B. Nothing changes at all
C. Your ex-spouse is treated as though they are no longer included
D. It is automatically rewritten

7. Which of these is a common risk of having an outdated Will?
A. Paying too much council tax
B. The wrong people inheriting your estate
C. Losing access to your bank account
D. Your Will being deleted

8. What is a Lasting Power of Attorney (LPA)?
A. A document that replaces your Will
B. A legal document that lets someone make decisions on your behalf if you lose capacity
C. A type of life insurance
D. A document only needed in old age

9. Can you make changes to an existing Will without creating a new one?
A. No, never
B. Yes, by telling your family your wishes
C. Yes, through a formal amendment called a codicil
D. Yes, by writing notes on the original

10. Who should you choose as an executor?
A. Anyone available at the time
B. Someone you trust who is capable of handling the responsibility
C. The youngest member of your family
D. A witness to your Will

Answers

1. B

2. C

3. C

4. C

5. B

6. C

7. B

8. B

9. C

10. B