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Quiz

LEPT - Wealth Preservation

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Perguntas do quiz (19)

  1. 1The four purposes of Legacy and Estate Planning are:
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    1. AELIMINATES UNCERTAINTY
    2. BMAXIMIZE WEALTH CREATION
    3. CACCUMULATES WEALTH
    4. DPROVIDES LIQUIDITY
    5. EDISTRIBUTE WEALTH
    6. FCOVERS COSTS
    7. GREDUCES COST
    8. HPROVIDES FUNDING
  2. 2Which of the following are areas that most concern HNWIs that they are least likely to be aware of?
    1. AWealth Growth
    2. BWealth Preservation
    3. CWealth Accumulation
    4. DWealth Distribution
  3. 3Which of the following statements describes HNWI?
    1. AEstate planning restricted to mainly income protection and provision for outstanding liabilities
    2. BTypical solutions are Single Premium products with premium and/or portfolio financing for leveraging purposes
    3. CWide range of assets ranging from real estate property (home and investment), equities, mutual funds or unit trusts, currencies and cash
    4. DGenerally very senior management positions or typically business owners
    5. EGenerally high income earner or with huge accumulated assets
    6. FEstate planning involves passing on wealth to the 2nd generation
    7. GTypical solutions are big size Regular Premium products and Single Premium products with premium financing for leveraging purposes
    8. HEstate planning involves complicated structures involving Offshore Trusts, Private Investment Companies and Family Offices
  4. 4Successful people can control a lot of things in life but there are some that even the most powerful person may not necessarily have control over. They are: [blank_start](1)[blank_end] [blank_start](2)[blank_end] [blank_start](3)[blank_end] [blank_start](4)[blank_end] [blank_start](5)[blank_end] [blank_start](6)[blank_end]
    1. AACCIDENTS – DEATH & DISABILITY
    2. BHOW THEY WANT TO LIVE
    3. CHEALTH ISSUES
    4. DMEDICAL – ILLNESSES
    5. ETIME TO SPEND ON THEIR HOBBIES
    6. FOLD AGE – MENTAL INCAPACITY, DEMENTIA
    7. GGOVERNMENT POLICIES
    8. HFAMILY AFFAIRS
    9. IFINANCIAL STATUS, ECONOMIC CONDITIONS
    10. JFINANCIAL KNOWLEDGE
    11. KBUSINESS PRODUCTIVITY
    12. LBUSINESS ENVIRONMENT
  5. 5What are the three main factors of consideration in Wealth Preservation? [blank_start](1)[blank_end] [blank_start](2)[blank_end] [blank_start](3)[blank_end]
    1. A(1) Volatility of Asset Classes
    2. B(2) Liquidity of Asset Classes
    3. C(3) “Leakages” of Assets
  6. 6What are the 6 typical assets groups owned by HNWIs?
    1. AREAL ESTATE AND PROPERTIES
    2. BINVESTMENTS
    3. CDIGITAL GADGETS AND TECHNOLOGICAL EQUIPMENT
    4. DCURRENCIES - LOCAL AND FOREIGN
    5. ECOIN COLLECTIONS
    6. FPERSONAL EFFECTS - JEWELLERY, ART, WATCHES, ETC.
    7. GBUSINESSES
    8. HINSURANCE
  7. 7What if death occurs in the middle of an economic downturn? It affects:
    1. AMANAGEMENT STRATEGIES
    2. BSUCCESSION
    3. CHEALTH
    4. DWEALTH
    5. EDECISION MAKING
    6. FEMOTIONAL STRESS
  8. 8Liquidity in Wealth Preservation is hampered by Estate and/or Inheritance duties, probate process (Grant of Probate - with wills, Letter of Administration - without will), and liquid and non-liquid assets.
    1. AVerdadeiro
    2. BFalso
  9. 9What is the liquidity status of insurance policies done by first party (proposer and life assured is the same entity)?
    1. ALiquid
    2. BNot liquid
  10. 10What is the liquidity status of insurance policies done by 3rd party (proposer and life assured are different entities)
    1. ALiquid
    2. BNot Liquid

Informações

Descrição
Legacy and Estate Planning
Idioma
English
Visualizações
32
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