AAFM CTEP - Chartered Trust & Estate Planner (CTEP) Certification Examination Exam
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Total 472 questions
Question #11 (Topic: Topic 1)
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
Answer: B
Question #12 (Topic: Topic 1)
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
Question #13 (Topic: Topic 1)
____________ is the most basic legal instrument of all Estate Plans.
A. Power of Attorney
B. Will
C. Trust Deed
D. Any one of above
Answer: B
Question #14 (Topic: Topic 1)
What is Probate?
A. A Will made out of undue influence
B. The process of distribution of estate
C. A person who pays the ‘Inheritance Tax’
D. Court process by which a will is proved valid or invalid
Answer: D
Question #15 (Topic: Topic 1)
Estate Planning is ________ process.
A. One time
B. Continuous
C. Two step
D. Three step
Answer: B
