2020-11-30 Q&A Quiz Posted at 10:11h in by phelps-admin | Phelps Law Office, PLC Name Email 1. I want to make sure that my children or other heirs are able to avoid the expense and delay of Probate Court if I become disabled or after I pass away.TRUEFALSE 2. The value of my estate, including all real estate, cash, investments, life insurance death proceeds, etc. exceeds $75,000.TRUEFALSE 3. If I am disabled and unable to make my own financial and medical decisions, I would like to choose in advance who will make these decisions for me, instead of leaving it up to the Probate Court.TRUEFALSE 4. I am concerned about the possibility of a will contest after I die.TRUEFALSE 1 out of 3 5. If I die before my spouse, I want to make sure that my spouse is not able to change the estate plan if he/she were to remarry.TRUEFALSE 6. I have children under the age of 18.TRUEFALSE 7. I want to include beneficiaries in my estate plan who I fear may not wisely manage the inheritance after I die because of their age, spending habits, etc.TRUEFALSE 2 out of 3 8. I am concerned that after I die the inheritance passed on to my loved ones could be exposed to their spouse (or ex-spouse), creditors, or reckless spending.TRUEFALSE 9. I own “high risk” assets such as rental properties or a business, or I am concerned about my exposure to unanticipated lawsuits.TRUEFALSE 10. I have an estate plan (such as a will or trust), but it has been more than 5 years since it has been reviewed by an attorney.TRUEFALSE 3 out of 3 Time is Up!