Module 6 – Lasting Powers of Attorney

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* 1. Q1 – LPAs are an important element of the estate planning solution, true or false?

True

False

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* 2. Q2 – Which of the following statements is correct?

The Property and Affairs LPA should take precedence

The Health and Welfare LPA is less important

Most clients benefit from having both LPAs

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* 3. Q3 – The registration of LPAs is not essential as LPAs can be used without registration?

True

False

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* 4. Q4 – Which statement regarding Attorneys is false?

If a regular occurrence of gifting occurs before a loss of capacity, attorneys can continue to make similar gifts

Attorneys have a duty to look after the affairs of the donor

Attorneys can transfer assets from an estate in order to save IHT.

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* 5. Q5 – Which of the following statements is correct?

An LPA allows for timely decisions to be made regarding health and welfare.

An LPA allows for prompt investment decisions to be made

The role of an Attorney is to look after the interests of a vulnerable person

All of the above

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* 6. Q6 – What safeguards exist to assist in protecting a donor?

Notifiable persons when an LPA is set up

The ability to set out financial limitations

The role of the certificate provider

All of the above

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* 7. Q7 – How long does it usually take to register an LPA?

Two weeks

Six weeks

Up to twenty weeks or more

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* 8. Q8 – Which of the following statements is true?

Most clients should only have Property and Affairs LPAs.

Most clients choose and benefit from both Property and Affairs and Health and Welfare LPAs

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* 9. Q9 – If an LPA is set up for joint decision making the LPA will continue after the death of one of the attorneys

True

False

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* 10. Q10 – Which of the following statements is false?

Parties to the LPA can sign in any order

An LPA must be signed in a specific order and dating is critical if signed on different days

Module 6 – Lasting Powers of Attorney

Question Title

* 1. Q1 – LPAs are an important element of the estate planning solution, true or false?

Question Title

* 2. Q2 – Which of the following statements is correct?

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* 3. Q3 – The registration of LPAs is not essential as LPAs can be used without registration?

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* 4. Q4 – Which statement regarding Attorneys is false?

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* 5. Q5 – Which of the following statements is correct?

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* 6. Q6 – What safeguards exist to assist in protecting a donor?

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* 7. Q7 – How long does it usually take to register an LPA?

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* 8. Q8 – Which of the following statements is true?

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* 9. Q9 – If an LPA is set up for joint decision making the LPA will continue after the death of one of the attorneys

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* 10. Q10 – Which of the following statements is false?

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