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1.
You can select a person to act as guardian for your child after your death in your _______.
Will. Guardians for children are named in the parents' wills.
2.
The Coverdell savings account is a means of saving for your child's _______.
Education costs. The Coverdell and the 529 are two plans by which you can start saving up for future college expenses.
3.
Which of the following are tax breaks that parents can qualify for?
Both of the above. These as well as a few others are some tax breaks that you should investigate if you are a parent or planning to become one.
4.
All pregnancy costs are covered by health insurance.
False. This is why anyone planning to get pregnant should investigate what is covered.
5.
Which of the following may be excluded from financial 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.