AAFM CTEP Chartered Trust & Estate Planner® (CTEP®) Certification Examination Online Training
AAFM CTEP Online Training
The questions for CTEP were last updated at May 09,2025.
- Exam Code: CTEP
- Exam Name: Chartered Trust & Estate Planner® (CTEP®) Certification Examination
- Certification Provider: AAFM
- Latest update: May 09,2025
There are generally________ types of Private Foundations. Out of these, in ____________ arrangement, the donor has no direct participation in any charitable work.
- A . Two, Company-Sponsored Foundation
- B . Three, Non-Operating Foundation
- C . Two, Non-Operating Foundation
- D . Three, Company-Sponsored Foundation
You are an estate planner. A couple has jointly owned company. They have three children out of which one is disabled. As an estate planner, which Estate planning would you suggest to the couple, so as to enable them to transfer wealth efficiently to their children.
- A . Life Insurance Policy
- B . Buy Sell Agreement
- C . Family Limited Partnership
- D . Grantor Retained Annuity Trust
Which of the following events does not require a Estate Planner to revise his plan?
- A . Divorce
- B . Donation of Asset
- C . Birth of grandchildren
- D . None of the above
As per the ESI Act, the monthly wage limit for coverage is _____________ per month.
- A . Rs. 10,000
- B . Rs. 15,000
- C . Rs. 20,000
- D . Rs. 25,000
Which of the following is essential for contract?
- A . Free Consent
- B . Witness
- C . Signatory
- D . Consideration
___________ is appropriate for donors who want to see their charitable dollars at work during their lifetimes.
- A . Bequest
- B . Family Foundation
- C . Outright gift
- D . Charitable Remainder Trust
Mr. 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?
- A . Raj’s Mother will be receive all the Property.
- B . Raj’s Mother will take 50% of the share while remaining 50% will be divided equally between the three children.
- C . Raj’s mother will take one-third, Mary’s child will take one-third and the children of George will divide the remaining one-third equally between them.
- D . Raj’s mother will take 50% of the share and remaining will be divided between George’s children
_________________ can be used as an alternative to the outright gift and ___________ can be used as an alternative to a traditional short term pledge.
- A . Virtual Endowment Model, Step-Up gift
- B . Virtual Endowment Model, Philanthropic Equity Builder Model
- C . Virtual Endowment Model, Family Foundation
- D . Step-Up Gift, Family Foundation
As per the Payment of Gratuity Act, the employer shall pay the amount of gratuity within _________.
- A . 30 days
- B . 45 days
- C . 180 days
- D . 270 days
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