Quiz For The Spouse

By Bernice Lopez,2014-07-10 19:24
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Quiz For The Spouse ...

    Quiz For The Spouse

Do You Have Or Know Where To Find (without asking your spouse)

    1. Your birth certificate? YES NO

    2. Your spouse’s birth certificate? YES NO

    3. Birth certificates for each child? YES NO

    4. Your marriage license or certificate? YES NO

    5. Divorce decrees or death certificates

     regarding any prior marriage? YES NO

    6. Records showing title to the family

    Real estate and the cost basis adjusted

    For improvements and depreciation? YES NO

    7. Real and personal property tax receipts? YES NO

    8. Income tax returns for the past four years? YES NO

    9. Title to your cemetery lot or mausoleum, if any? YES NO

Do You Know Or Know Where To Find (without asking your spouse)

    10. Titles to automobiles, boats, motor, etc.? YES NO

    11. Your social security number? YES NO

    12. Your spouse’s social security number? YES NO

    13. Social security numbers for each of your children? YES NO

    14. Where your spouse keeps life insurance policies? YES NO

    15. A list of the life insurance policies on your spouse’s

     life, including group insurance and insurance through

     other sources? YES NO

     16. The face value (less loans) on all insurance on your

     spouse’s life on January 1 of this year? YES NO

     17. The name and address of the life insurance agent

     for your spouse? YES NO

     18. The premiums, due dates, and beneficiary designations

     on life insurance? YES NO

     19. Similar information on the life insurance on your life

     and the lives of your children? YES NO

     20. What medical, accident, and health insurance your

     family owns? YES NO

     21. The nature, coverages, premiums, and due dates on all

     property and liability insurance? YES NO

     22. The name and address of the insurance broker that

     handles your casualty insurance? YES NO

     23. The life, accident, health and other group insurance

     from your spouse’s (or your) employment? YES NO

     24. The amount of social security benefits you and your

     children will receive upon your spouse’s death? YES NO

25. A list of all the benefits to which you, your spouse

     or your children may be entitled, based upon your

     spouse’s military service? YES NO 26. The market value of your spouse’s assets on

     January 1 of this year? YES NO

    27. The market value of your separate assets on

     January 1 of this year? YES NO

    28. The market value on January 1 of this year of all

     real estate, stocks, corporate bonds, and government

     bonds, and other property owned with your spouse

     (or anyone) in any form of joint ownership? YES NO

    29. The location and number of any safe deposit box in

     your spouse’s name, your name, or joint names? YES NO

    30. The location of the keys to the safe deposit boxes and

     the parties who have access thereto and the passwords? YES NO

    31. All family bank accounts, including the banks, the titles

     of the accounts, and the persons who have powers

     of attorney? YES NO

    32. Where your spouse’s Will is kept? YES NO

    33. The contents of your spouse’s Will, including the name

     of the personal representative? YES NO

    34. Whether you have power of appointment under your

     spouse’s Will or any other instrument? YES NO 35. The name and address of the attorney who drew the

     Will or should represent the estate? (You should

     know him or her personally.) YES NO

    36. The name and address of the accountant whom your

     spouse employs on personal affairs? YES NO

    37. The name and address of the preparer of your tax returns? YES NO

    38. Your spouse’s principal banking contact? YES NO

    39. The names of the stockbrokers you and your spouse use? YES NO

    40. The approximate family income for the last year? YES NO

    41. Your spouse’s general business interests, including

     percentage of ownership, rights upon death or the death

     of an associate, and whether such businesses are operated

     as corporations, partnerships, or sole proprietorship? YES NO

    42. The desires of your spouse, and you, for the disposition

     of any closely held business? YES NO

    Do You And Your Spouse Have:

43. At least $100,000 of liability coverage on your

     automobile? YES NO

    44. Up-to-date beneficiary provisions on life insurance that

     have been reviewed within the last three years? YES NO

    45. Current Wills (or Wills and Trusts)? YES NO

     This includes:

    1. Have they been reviewed in the past two to three years

     or since new circumstances have arisen? YES NO

    2. Currently acceptable personal representatives,

     trustees, and testamentary guardians named in

     your Wills? YES NO

    3. An estate plan that has considered taking advantage

     of the marital deduction if gross family assets,

     including life insurance and joint property, exceed

     $600,000. YES NO

     46. An estate plan that has considered gifts to your children

     to minimize your income and estate taxes, finance their

     education, and start building their estates? YES NO

     47. Fire insurance on your home and contents that has been

     checked within the last two years for the amount of

     coverage and the type of policy? YES NO

     48. An appraisal listing of your tangible personal property? YES NO

     49. An appropriate amount of insurance on your jewelry,

     furs, and art objects based on recent appraisals? YES NO

     50. Adequate personal and household liability insurance? YES NO

     51. Knowledge of the possible gift tax liability for your home,

     bank account, securities or other assets placed in your

     joint names? YES NO

     52. Complete understanding and acceptance of one another’s

     estate plan? YES NO


     YES= NO=


    0-12 YES: Terrible. Don’t sit there. Rush to your spouse and demand answers.

    13-22 YES: Average. That doesn’t mean “GOOD”. You need more information


23-32 YES: Well above average, but you still know only about half of what you

     should know. Ask-soon.

33-42 YES: Remarkable. You are among the very best informed spouses a

     fraction of 15% of the total.

43-52 YES: Go to your spouse’s office and take over. Hurry- you are better than

     he or she is.

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