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iRubric: WILLS & ESTATES rubric

iRubric: WILLS & ESTATES rubric

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WILLS & ESTATES 
PERSONAL FINANCE II
Rubric Code: G9BX3X
By prlaf61
Draft
Public Rubric
Subject: Finance  
Type: Quiz  
Grade Levels: 9-12

Powered by iRubric WILLS & ESTATES
  Below Standard

0-8 pts

8 pts

Meets Standard

9-16 pts

16 pts

Exceeds Standard

17-25 pts

25 pts

WILLS

1.Explain why it is important for individuals to have a will.
Below Standard

An incomplete description of why a will is important is provided. No information is provided regarding types of wills and purpose.
Meets Standard

A complete description of why a will is important is provided. Limited information is also provided regarding types of wills and purpose.
Exceeds Standard

A complete description of why a will is important is provided. Information is also provided regarding types of wills and purpose.
TRUSTS

2.What is the purpose of a trust?
Below Standard

A complete explanation of only one purpose of a trust is explained including the types of trusts that exist.
Meets Standard

An incomplete explanation of both purposes of a trust is explained including the types of trusts that exist
Exceeds Standard

A complete explanation of both purposes of a trust is explained including the types of trusts that exist.
TAXES

3.What are some different taxes that will affect your estate planning?
Below Standard

A complete explanation of the three estate taxes is not provided including the monetary limitations on each based on class discussion.
Meets Standard

A complete explanation of the three estate taxes is provided not including the monetary limitations on each based on class discussion.
Exceeds Standard

A complete explanation of the three estate taxes is provided including the monetary limitations on each based on class discussion.
PROPERTY

4.What are some of the advantages in owning property jointly with another person?
Below Standard

An incomplete explanation of property ownership is provided including only one type of ownership.
Meets Standard

A complete explanation of property ownership is provided including only one type of ownership.
Exceeds Standard

A complete explanation of property ownership is provided including the types of ownership.
RETIREMENT

5.What types of considerations are necessary when planning for your retirement?
Below Standard

A complete explanations of the three or fewer considerations is provided.
Meets Standard

A complete explanations of the four considerations is provided.
Exceeds Standard

A complete explanations of the five considerations is provided.
POWER OF ATTORNEY

What is the role of a power of attorney?
Below Standard

An incomplete description of the role of power of attorney is provided. No information is included regarding the types of power of attorney.
Meets Standard

A complete description of the role of power of attorney is provided not including the types of power of attorney.
Exceeds Standard

A complete description of the role of power of attorney is provided including the types of power of attorney.



Keywords:
  • WILLS AND ESTATES

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