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Sample Questions:You have just started your Estate Planning firm. Your friend who is into Estate Planning since 5 years explains you that an Ideal Estate Planning Prospect is one who is aged ___ or over and are _______________.30, Married with Children30, Married with no children35, Married with Children35, Married with no ChildrenHigh Net Worth Individuals can dispose of their money in______ ways. From the standpoint of the wealth holder,__________ is the most important of all.Three, Personal ConsumptionThree, PhilanthropyFour, Personal ConsumptionFour, PhilanthropyWhile preparing a Will, the person who is making the Will must declare ________ that he is making the Will in his full senses and free from any kind of pressure. Once the testator completes writing the Will, he must the sign the Will very carefully in presence of at least __________independent witnesses.At the end, TwoIn the Beginning, TwoAt the end, OneIn the Beginning, OneYou are an Estate Planner. Mr. Arun Mittal, a HNI client asks you to explain him the number of ways to dispose of his wealth. You explain to him about the three ways of disposing wealth. He further asks you to give ranking to the methods-from most preferred to least preferred. You tell Mr. Arun that the correct order is _________________.Consumption, Inheritance, PhilanthropyInheritance, Consumption, PhilanthropyPhilanthropy, Inheritance, ConsumptionNone as he can dispose his wealth in any order.Full form of IRA is_____________Individual Revocable AccountIndividual Retirement ArrangementIndividual Retirement AttorneyIndividual Retirement AggregationMr. Raj, the intestate, leaves no brother or sister but leaves his mother and one child of a deceased sister,Mary and two children of a deceased brother, George. How will the Estate be distributed?Raj's Mother will be receive all the Property.Raj's Mother will take 50% of the share while remainRaj's mother will take one-third, Mary's child willRaj's mother will take 50% of the share and remain

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