AAFM CTEP Chartered Trust & Estate Planner® (CTEP®) Certification Examination Online Training
AAFM CTEP Online Training
The questions for CTEP were last updated at May 10,2025.
- Exam Code: CTEP
- Exam Name: Chartered Trust & Estate Planner® (CTEP®) Certification Examination
- Certification Provider: AAFM
- Latest update: May 10,2025
A High Net Worth Individual (HNI) should hold at least _______ in liquid financial assets.
- A . $1 million
- B . $5 million
- C . $10 million
- D . $50 million
There are_________steps to implement Philanthropy Planning and the first step is__________.
- A . Three, Gift Design
- B . Three, Discovery
- C . Four, Gift Design
- D . Four, Discovery
A trust involves_______ parties. ___________ is the person who establishes the trust.
- A . Two, Settlor
- B . Three, Settlor
- C . Two, Executor
- D . Three, Executor
Estate tax is also called ________
- A . Succession Tax
- B . Voluntary Tax
- C . Involuntary Tax
- D . Transfer Tax
_____________ allows you to contribute cash but you will not receive tax deduction at the
time of contribution.
- A . Traditional IRA
- B . Roth IRA
- C . SEP-IRA
- D . Simple IRA
You are an Estate Planner.
A client gives you the following information (given below in Table).
You are required to make Quick Estimate of Estate’s liquidity. All figures are in Rupees. The estimate in this case is ______________
- A . 5,68,000
- B . (5,68,000)
- C . (1,30,000)
- D . 1,30,000
What is the ultimate goal of Estate Planning?
- A . To reduce estate taxes to minimum
- B . To fulfill the estate owner’s wishes as closely as possible
- C . Increase the value of client’s assets
- D . Conserve the existing assets of client
__________ is an influential person who knows you favorably and agrees to introduce or
recommend you to others.
- A . Centre of Influence
- B . Attorney
- C . Commercial Bank Officer
- D . Property Agent
Which of the following statement(s) about Bequest is/are correct?
- A . All except (iv)
- B . All except (iii)
- C . All (i),(ii),(iii) and (iv)
- D . None of (i),(ii),(iii) and (iv)
A person is deemed to have attained majority on completion of __________________ in case where a guardian of a minor’s property is appointed under the Guardian and Wards Act,1890.
- A . 15 years
- B . 16 years
- C . 18 years
- D . 21 years
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