AAFM CTEP Chartered Trust & Estate Planner® (CTEP®) Certification Examination Online Training
AAFM CTEP Online Training
The questions for CTEP were last updated at Apr 24,2024.
- Exam Code: CTEP
- Exam Name: Chartered Trust & Estate Planner® (CTEP®) Certification Examination
- Certification Provider: AAFM
- Latest update: Apr 24,2024
Question #1
Estate planning as a process includes?
- A . Accumulation of an estate
- B . Conservation of an estate
- C . Distribution of an estate
- D . All of the above
Question #2
A__________can bring significant gift and estate tax savings.
- A . Granted Retained Annuity Trust
- B . Family Limited Partnership
- C . Intentionally Defective Grantor Trust
- D . Buy and Sell Agreement
Question #3
Estate Planning is ________ process.
- A . One time
- B . Continuous
- C . Two step
- D . Three step
Question #4
Full form of IRA is_____________
- A . Individual Revocable Account
- B . Individual Retirement Arrangement
- C . Individual Retirement Attorney
- D . Individual Retirement Aggregation
Question #5
______________ does not divest the policy holder of his rights in the policy and he retains
disposing power over it.
- A . Assignment
- B . Nomination
- C . Reinsurance
- D . Transferring
Question #6
What is a ‘CestuquieTrust’?
- A . It is a Trust created for People with Minor children.
- B . It is a Trust created by people in high-liability occupations
- C . It is the person for whose benefit the property is transferred.
- D . It is another name for ‘Deed of Trust’
Question #7
Which of the following statement(s) about Public Trust is/are correct?
- A . Only (i)
- B . Only (ii)
- C . Both (i) and (ii)
- D . Neither (i) nor (ii)
Question #8
________ plan involves only Business assets.
- A . Financial
- B . Succession
- C . Estate
- D . Contingency
Question #9
Estate Tax in India is _______
- A . Nil
- B . 10%
- C . 30%
- D . Tax Rate depends on the estate value
Question #10
Which of the following is/are benefit(s) of Business Succession Planning?
- A . Both (i) and (ii)
- B . Neither (i) nor (ii)
- C . Only (i)
- D . Only (ii)
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