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AAFM CTEP Exam With Confidence Using Practice Dumps

Exam Code:
CTEP
Exam Name:
Chartered Trust & Estate Planner (CTEP) Certification Examination
Certification:
Vendor:
Questions:
472
Last Updated:
Dec 21, 2024
Exam Status:
Stable
AAFM CTEP

CTEP: AAFM Certification Exam 2024 Study Guide Pdf and Test Engine

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Chartered Trust & Estate Planner (CTEP) Certification Examination Questions and Answers

Question 1

In case of Discretionary Discounted Gift Trust, the settlor has the right to receive annual capital payments upto ________ of the original capital. The trust is suitable for individuals who have a liability to ______________ and are happy to make substantial gifts.

Options:

A.

5%; Gift Tax

B.

8%; Transfer Tax

C.

8%; Estate Duty

D.

5%; Inheritance Tax

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Question 2

Which of the following statement(s) about Power of Attorney (POA) is/are correct?

Options:

A.

Only (i)

B.

Only (ii)

C.

Both (i) and (ii)

D.

Neither (i) or (ii)

Question 3

Which one of the following statement(s) is/are correct?

Options:

A.

(i) only

B.

(ii) only

C.

Both are incorrect

D.

None of the above