Quiz

Test Your Know-How!

Choose an answer for each of the questions below to test your knowledge of the article you just read. Click on the "Submit" button when finished. To return to the article, click here.

QUIZ TOPIC:
Financial Planning Issues for Children with Special Needs

In order to qualify for free public services, special-needs children must pass a financial means test.
	True
	False
True. In order to qualify for free public services, special-needs children must pass a financial means test.
True. In order to qualify for free public services, special-needs children must pass a financial means test.

You can select a person to act as guardian for your child after your death in your _______.
	Life insurance policy
	Supplemental needs trust
	Will
	All of the above
Will. Guardians for children are named in the parents' wills.
Will. Guardians for children are named in the parents' wills.

Which of the following may be excluded from financial means testing?
	Life insurance cash values
	Supplemental needs trusts
	Both life insurance cash values and supplemental needs trusts.
	Neither life insurance cash values nor supplemental needs trusts.
Both life insurance cash values and supplemental needs trusts. Assets held in certain trusts or in life insurance cash values are usually excluded from means testing.
Both life insurance cash values and supplemental needs trusts. Assets held in certain trusts or in life insurance cash values are usually excluded from means testing.

> Return to Article