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CTEP Exam Dumps : Chartered Trust & Estate Planner (CTEP) Certification Examination

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

Question 1

______________ of the Transfer Property Act permits the transfer of property only to one or more living persons.

Options:

A.

Section 1

B.

Section 5

C.

Section 8

D.

Section 10

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Question 2

Mrs. Brown is a widow with four children. Her husband left his estate completely to her on his death. When Mrs. Brown dies, her estate on death includes:-

The funeral expenses of Mrs. Brown amount upto £1,900. Find out the amount of estate that would be distributable to each beneficiary.

Options:

A.

£108,048

B.

£108,333

C.

£107,858

D.

£205,548

Question 3

Estate Tax in India is _______

Options:

A.

Nil

B.

10%

C.

30%

D.

Tax Rate depends on the estate value