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

Free AAFM CTEP Real Questions (page: 3)

What is the ultimate goal of Estate Planning?

  1. To reduce estate taxes to minimum
  2. To fulfill the estate owner's wishes as closely as possible
  3. Increase the value of client's assets
  4. Conserve the existing assets of client

Answer(s): B



For which of the following stage of Business Cycle a succession plan is not prepared?

  1. Survival
  2. Growth
  3. Maturity
  4. New Growth or Winding Down

Answer(s): D



____________ is the most basic legal instrument of all Estate Plans.

  1. Power of Attorney
  2. Will
  3. Trust Deed
  4. Any one of above

Answer(s): B



What is Probate?

  1. A Will made out of undue influence
  2. The process of distribution of estate
  3. A person who pays the `Inheritance Tax'
  4. Court process by which a will is proved valid or invalid

Answer(s): D



Estate Planning is ________ process.

  1. One time
  2. Continuous
  3. Two step
  4. Three step

Answer(s): B



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