AAFM CTEP Chartered Trust & Estate Planner® (CTEP®) Certification Examination Online Training
AAFM CTEP Online Training
The questions for CTEP were last updated at Apr 23,2025.
- Exam Code: CTEP
- Exam Name: Chartered Trust & Estate Planner® (CTEP®) Certification Examination
- Certification Provider: AAFM
- Latest update: Apr 23,2025
You have just started your Estate Planning firm. Your friend who is into Estate Planning since 5 years explains you that an Ideal Estate Planning Prospect is one who is aged ___ or over and are _______________.
- A . 30, Married with Children
- B . 30, Married with no children
- C . 35, Married with Children
- D . 35, Married with no Children
Failure to create an Estate Plan leads to __________ 
- A . Only (i)
- B . Only (ii)
- C . Neither of the (ii)
- D . Both (i) and (ii)
The maximum gratuity payable as per Payment of Gratuity Act is __________.
- A . Rs. 2,50,000
- B . Rs.3,00,000
- C . Rs. 10,00,000
- D . Rs.4,00,000
Which of the following comes under Non-Financial Goals of Estate Planning?
- A . Both (i) and (ii)
- B . Both (ii) and (iii)
- C . Only (ii)
- D . Only (iii)
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
Which of the following statement(s) about ESOP is/are incorrect?
- A . Both (i) and (ii)
- B . Only (i)
- C . Only (ii)
- D . Neither (i) nor (ii)
There are _________________ Non-Formal Sources of Law.
- A . One
- B . Two
- C . Three
- D . Infinite
As per Employee Provident Fund, a member can withdraw________ of the amount of provident fund at credit after attaining the age of 54 years or within one year before actual retirement or superannuation whichever is later.
- A . 100%
- B . 90%
- C . 75%
- D . 50%
You are an Estate Planner. Your Client asks you that if he wants to give business to his children which method is not appropriate. He further asks you which method can help him control the size of this gift through his will. Your reply would be___________
- A . Buy-Sell Agreement, Bequest
- B . Bequest, Bequest
- C . Estate Sale, Buy-Sell Agreement
- D . Buy-Sell Agreement, Buy-Sell Agreement
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