AAFM CTEP - Chartered Trust & Estate Planner (CTEP) Certification Examination Exam
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Total 472 questions
Question #6 (Topic: Topic 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
Answer: D
Question #7 (Topic: Topic 1)
Who needs an Estate Plan?
A. Everyone
B. HNI
C. Terminally ill
D. Elderly
Answer: A
Question #8 (Topic: Topic 1)
Estate planning has_____ phases.
A. Nil
B. Two
C. Three
D. Depends on the value of estate
Answer: C
Question #9 (Topic: Topic 1)
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
Answer: A
Question #10 (Topic: Topic 1)
More than_______ in wealth classifies the person as “Ultra HNI”
A. $1 million
B. $10 million
C. $50 million
D. $100 million
Answer: C
