Reference no: EM133081328

1. How is a transfer of property under a will similar to a gift of property?

A. Under both, the property is transferred to the beneficiary only after the death of the donor.

B. Under both, the transfer of property is irrevocable.

C. Under both, the property is transferred as per a written will.

D. Under both, the donor controls the usage of the property transferred to the beneficiary.

2. Which of the following statements is true of a health care proxy?

A. A health care proxy is a legal document that identifies the legal heir to a patient's assets in case of an untimely death.

B. A health care proxy allows the appointed agent to make medical decisions except for life-ending ones.

C. A health care proxy provides decision-making authority to the agent to decide not to administer CPR to the patient.

D. A health care proxy provides the agent appointed by the patient to make medical decisions that could end the patient's life.

Noah accumulated a lot of credit card debt during his university education. Currently, he has a low-income job and is struggling to make ends meet.

3. Which type of financial help provider should Noah hire?

A. A legal advisor

B. A tax advisor

C. A stockbroker

D. A financial counselor