AAFM Chartered Trust & Estate Planner (CTEP) Certification Examination CTEP Dumps in PDF

Free AAFM CTEP Real Questions (page: 14)

Which of the following statement(s) about `Whole Life Insurance' is/are correct?

  1. Both (i) and (ii)
  2. Only(i)
  3. Only (ii)
  4. Neither (i) nor (ii)

Answer(s): B



You are an Estate Planner. Mr. Arun Mittal, a HNI client asks you to explain him the number of ways to dispose of his wealth. You explain to him about the three ways of disposing wealth. He further asks you to give ranking to the methods-from most preferred to least preferred. You tell Mr. Arun that the correct order is _________________.

  1. Consumption, Inheritance, Philanthropy
  2. Inheritance, Consumption, Philanthropy
  3. Philanthropy, Inheritance, Consumption
  4. None as he can dispose his wealth in any order.

Answer(s): A



There are ______types of Charitable Trust. Out of these, in ________________ the value of assets are protected against inflation as the payouts vary with the asset value.

  1. Two, Charitable Remainder Unit Trust
  2. Two, Charitable Remainder Annuity Trust
  3. Three, Charitable Remainder Unit Trust
  4. Three, Charitable Remainder Annuity Trust

Answer(s): D



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

  1. (i)-(ii)-(iii)-(iv)-(v)-(vi)-(vii)-(viii)
  2. (ii)-(i)-(iii)-(iv)-(vi)-(vii)-(viii)-(v)
  3. (ii)-(i)-(iii)-(iv)-(vi)-(vii)-(v)-(viii)
  4. (ii)-(i)-(iii)-(iv)-(vi)-(v)-(vii)-(viii)

Answer(s): B



There are four general categories of charitable gifts for donors and non-profits to consider. Out of these________ and ____________ require no contracts, trusts, trustees or special income tax returns. On the other hand, for __________ and _____________most donors and non-profits will need significant level of financial sophistication.

  1. Outright Gifts, Bequest, Life Income Gifts, Family Foundations
  2. Outright Gifts, Life Income Gifts, Bequest, Family Foundations
  3. Family Foundation, Bequest, Life Income Gifts, Outright Gifts
  4. Family Foundation, Outright Gifts, Life Income Gifts, Bequest

Answer(s): A



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11/20/2023 11:57:00 AM

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5/15/2023 5:38:00 AM

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12/20/2023 11:34:00 AM

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12/12/2023 12:38:00 PM

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4/7/2023 10:04:00 AM

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8/28/2023 5:28:00 AM

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VoiceofMidnight
12/29/2023 4:48:00 PM

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