Latest Practice Test of CTEP | Pass4sure

AAFM CTEP Questions & Answers

Full Version: 80 Q&A

Latest CTEP Exam Questions and Practice Tests 2025 - Killexams.com

CTEP Dumps CTEP Braindumps

CTEP Real Questions CTEP Practice Test CTEP Actual Questions

killexams.com AAFM CTEP

Chartered Trust & Estate Planner (CTEP) Certification

https://killexams.com/pass4sure/exam-detail/CTEP

You are an Estate Planner. A client asks you to explain him the process of Probate. You explain him that Probate is one of the ways to pass ownership of estate property to a decedent’s survivors. The client further asks you to outline the various steps of Probate.

As an estate planner, you would outline the steps of probate as follows (please specify the correct order)

A . (i)-(ii)-(iii)-(iv)

B . (ii)-(iii)-(i)-(iv)

C . (i)-(iii)-(ii)-(iv)

D . (iii)-(i)-(ii)-(iv)

Answer: B

For which of the following stage of Business Cycle a succession plan is not prepared? A . Survival

B . Growth C . Maturity

D . New Growth or Winding Down

Answer: D

The selling/ planning process has steps. A . Four

B . Five C . Seven D . Eight

Answer: D

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

Answer: B

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

Answer: D

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

Answer: B

is the most appropriate method for donors who prefer to make gifts at the end of their life and is the most appropriate method for donors who prefer to give gifts during their lifetime.

A . Bequest and Outright Gift B . Outright Gift and Bequest

C . Family Foundation and Life Income Gifts D . Life Income Gifts and Family Foundation

Answer: A

The maximum gratuity payable as per Payment of Gratuity Act is . A . Rs. 2,50,000

B . Rs.3,00,000 C . Rs. 10,00,000 D . Rs.4,00,000

Answer: C

Estate Planning Process is eight-step procedure that a manager has to follow.

The Eight Steps are as given below (not in any order) The correct order is

A . (i)-(ii)-(iii)-(iv)-(v)-(vi)-(vii)-(viii)

B . (ii)-(i)-(iii)-(iv)-(vi)-(vii)-(viii)-(v)

C . (ii)-(i)-(iii)-(iv)-(vi)-(vii)-(v)-(viii)

D . (ii)-(i)-(iii)-(iv)-(vi)-(v)-(vii)-(viii)

Answer: B

More than in wealth classifies the person as “Ultra HNI” A . $1 million

B . $10 million

C . $50 million D . $100 million

Answer: C

Estate planning has steps. A . Two

B . Three C . Four D . Five

Answer: D

is the submission of a disputed matter to an impartial person. A . Mediation

B . Negotiation C . Arbitration D . Litigation

Answer: C

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

Answer: C

User: Emma*****

Reliable CTEP testprep materials, including valid questions and a trustworthy exam simulator, ensured a seamless pass. Their exceptional customer service was a bonus, and I am impressed by their top-notch platform.

User: Ramil*****

I passed the CTEP exam, and I simply cannot believe it. My marks were surprisingly high, and I was genuinely surprised at my own performance. This is clearly due to Killexams.com. Thank you very much!

User: Oxana*****

I was ranked very low among my classmates until I registered for exam assistance with Killexams.com. The high-ranking analysis application in Killexams.com helped me join the high ranks alongside other incredible students in my class. The sources provided by Killexams.com are specific and extremely beneficial for practicing ctep, ctep practice tests, and ctep books. I am grateful for their help, and Killexams.com deserves my appreciation.

User: Heitor*****

Scoring 98% on the AAFM CTEP exam was a dream come true, and killexams.com’s question bank was the key to success. Despite extensive prior reading, their testprep materials provided clear explanations that resolved my doubts quickly, ensuring thorough preparation. I eagerly anticipate using their services for future exams and am thankful for their outstanding support.

User: Moses*****

Remarkable CHARTERED TRUST & ESTATE PLANNER (CTEP) CERTIFICATION testprep materials, including valid questions and an expert exam simulator, ensured a smooth exam experience. Their essential resources were exactly what I needed, earning my trust for future certifications and leading to a confident pass.

Features of iPass4sure CTEP Exam

Files: PDF / Test Engine
Premium Access
Online Test Engine
Instant download Access
Comprehensive Q&A
Success Rate
Real Questions
Updated Regularly
Portable Files
Unlimited Download
100% Secured
Confidentiality: 100%
Success Guarantee: 100%
Any Hidden Cost: $0.00
Auto Recharge: No
Updates Intimation: by Email
Technical Support: Free
PDF Compatibility: Windows, Android, iOS, Linux
Test Engine Compatibility: Mac / Windows / Android / iOS / Linux

Premium PDF with 80 Q&A

Get Full Version

All AAFM Exams

AAFM Exams

Certification and Entry Test Exams

Complete exam list