Page 105 - Managing Your Resources - Student Syllabus - short combined

You should also think about updating your will every four or five years. Updating the will won't take
long – maybe five minutes.

Why Do I need a Will?

17.4 Let’s Practice

1. True or False It is wise to write out your own will rather than consult a professional
so that the courts will know what you want done with your belongings after you die.

2. What is the term called for dying without a will?

3. Do you have a will? Do you think it would be wise to plan to get one?

4. There are three ways to obtain a will. What are they?

5. In order from best way to worst way, place them in order:

6. What is an executor of a will? Why, when selecting this person, is this decision so important?

7. Who are beneficiaries? In your will or one you plan to write, who will be your beneficiaries?

8. If you have children, who would become their guardians?

9. Where do you keep you will (or plan to keep your will in the future)?

10. Do you consider that place safe from theft, fire, or other loss?

11. Who did you get (or are going to get) to witness your will?

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