AAFM CTEP Chartered Trust & Estate Planner® (CTEP®) Certification Examination Online Training
AAFM CTEP Online Training
The questions for CTEP were last updated at Apr 22,2025.
- Exam Code: CTEP
- Exam Name: Chartered Trust & Estate Planner® (CTEP®) Certification Examination
- Certification Provider: AAFM
- Latest update: Apr 22,2025
Which of the following statement(s) about Ancillary Probate is/are false?
- A . Only (i)
- B . Only (ii)
- C . Both (i) and (ii)
- D . Neither (i) nor (ii)
There are______ key estate planning strategies to transfer wealth efficiently. In a Granted Retained Annuity Trust,annuity payments are determined in relation to IRS benchmark interest rate called ____________ rate.
- A . Four, Section 7520
- B . Six, Section 7520
- C . Four. Section 7620
- D . Six, Section 7620
Which of the following statement(s) about codicil is/are correct?
- A . Only (i)
- B . Both (i) and (iv)
- C . (i),(ii),(iii) and (iv)
- D . (i),(iii) and (iv)
The selling/ planning process has __________ steps.
- A . Four
- B . Five
- C . Seven
- D . Eight
According to__________ of the ‘Registration Act, 1908’ the registration of a Will is not compulsory.
- A . Section 8
- B . Section 48
- C . Section 1
- D . Section 6
Registration of Power of Attorney is __________in India. If Power of Attorney is in respect
of immovable property of value more than __________ it must be registered.
- A . Compulsory, Rs.500
- B . Optional, Rs. 500
- C . Compulsory, Rs. 100
- D . Optional, Rs. 100
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
- A . (i)-(ii)-(iii)-(iv)-(v)-(vi)-(vii)-(viii)
- B . (ii)-(i)-(iii)-(iv)-(vi)-(vii)-(viii)-(v)
- C . (ii)-(i)-(iii)-(iv)-(vi)-(vii)-(v)-(viii)
- D . (ii)-(i)-(iii)-(iv)-(vi)-(v)-(vii)-(viii)
___________ is the submission of a disputed matter to an impartial person.
- A . Mediation
- B . Negotiation
- C . Arbitration
- D . Litigation
____________ is the most basic legal instrument of all Estate Plans.
- A . Power of Attorney
- B . Will
- C . Trust Deed
- D . Any one of above
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