VIEWS: 4 PAGES: 4 POSTED ON: 6/2/2010
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 TOTALS: YES= NO= SCORING: 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 quickly. 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.
"Quiz For The Spouse Life insurance"