Idfa Webinar: Divorce And The Special Needs Family

10 Questions

Settings
Please wait...
Idfa Webinar: Divorce And The Special Needs Family

IDFA's June 2018 webinar will walk you through the complexity of divorce proceedings when working with families with special needs. Watch the webinar on the IDFA website. Please complete the following quiz for one hour of CE credit for your CDFA designation. This quiz will be available until September 30, 2018. If you pass the quiz, you will receive a certificate to submit in your IDFA account when reporting the CE credit. Users have two attempts to pass the quiz. After two failed attempts, you will be locked out of the quiz. To unlock the quiz, please contact IDFA's customer service team to have the quiz reset within one business day. Users will be given one additional attempt after the quiz is unlocked.


Questions and Answers
  • 1. 
    What percent of the general population has a disability?
    • A. 

      1%

    • B. 

      5%

    • C. 

      20%

    • D. 

      25%

  • 2. 
    Whose money should go into the Supplemental Payback Trust?
    • A. 

      Parents

    • B. 

      Only siblings

    • C. 

      Grandparents

    • D. 

      Person with the disability

  • 3. 
    Which of the following statements is TRUE? (choose one)
    • A. 

      Financial advisors are usually able to assist families seeking help for special needs

    • B. 

      The special needs market is significant and growing

    • C. 

      Advisors are not exposed to liability if they do not address special needs issues

  • 4. 
    What is the cumulative annual limit that can be deposited into an ABLE Account by anyone?
    • A. 

      There is no annual limit

    • B. 

      $250,000

    • C. 

      $100,000

    • D. 

      The federal exclusion gift amount

  • 5. 
    Where should child support payments be directed once a disabled child turns age 18?
    • A. 

      Child support ends at age 18

    • B. 

      Directly to the custodial parent

    • C. 

      Directly to the disabled child

    • D. 

      A payback special needs trust via a court order

    • E. 

      The 3rd party special needs trust

  • 6. 
    Which of the following government programs are considered “entitlement” programs? 
    • A. 

      Medicare and Medicaid

    • B. 

      SSI (Supplemental Security Income) and Medicare

    • C. 

      SSDI (Social Security Disability) and Medicare

    • D. 

      Medicaid and SSI

  • 7. 
    Which of the following statements is TRUE? 
    • A. 

      Once you qualify for SSI, you can apply for Medicare

    • B. 

      Once you qualify for SSDI, you can apply for Medicaid

    • C. 

      You can not have Medicare and Medicaid at the same time

    • D. 

      After 2 years on SSDI, you can qualify for Medicare

  • 8. 
    What is the amount in an ABLE account that will cause SSI to be suspended?
    • A. 

      $300,000

    • B. 

      Over $300,000

    • C. 

      $100,000

    • D. 

      Over $100,000

  • 9. 
    In future planning for someone with a disability, which disabling condition generally presents the most challenges in choosing trustees and guardians?
    • A. 

      Mental illness

    • B. 

      Developmental disabilities

    • C. 

      Physical disabilities

    • D. 

      Cognitive disabilities

  • 10. 
    Which of the following is a consideration when choosing a guardian for your child?
    • A. 

      Guardian's age

    • B. 

      Guardian's marital status

    • C. 

      Guardian's relationship to the disabled person

    • D. 

      Guardian’s understanding of the needs of the person.

    • E. 

      All of the above