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Chartered Trust & Estate Planner® (CTEP®) Certification Examination

Last Update 7 hours ago Total Questions : 472

The Chartered Trust & Estate Planner® (CTEP®) Certification Examination content is now fully updated, with all current exam questions added 7 hours ago. Deciding to include CTEP practice exam questions in your study plan goes far beyond basic test preparation.

You'll find that our CTEP exam questions frequently feature detailed scenarios and practical problem-solving exercises that directly mirror industry challenges. Engaging with these CTEP sample sets allows you to effectively manage your time and pace yourself, giving you the ability to finish any Chartered Trust & Estate Planner® (CTEP®) Certification Examination practice test comfortably within the allotted time.

Question # 61

Which of the following statement(s) about Power of Attorney (POA) is/are correct?

A.

Only (i)

B.

Only (ii)

C.

Both (i) and (ii)

D.

Neither (i) or (ii)

Question # 62

Which of the following statement(s) about Bequest is/are correct?

A.

All except (iv)

B.

All except (iii)

C.

All (i),(ii),(iii) and (iv)

D.

None of (i),(ii),(iii) and (iv)

Question # 63

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

Question # 64

What is the full form of DIN?

A.

Direct Identity Number

B.

Director Identity Number

C.

Director Identification Number

D.

Direct Identification Number

Question # 65

There are__________ methods of Business valuation.Out of these methods,___________ method applies discount rate to determine the valuation of the business.

A.

Two, Discounted Cash Flow

B.

Three, Discounted Cash Flow

C.

Two, Income method

D.

Three, Income method

Question # 66

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.

A.

Two, Charitable Remainder Unit Trust

B.

Two, Charitable Remainder Annuity Trust

C.

Three, Charitable Remainder Unit Trust

D.

Three, Charitable Remainder Annuity Trust

Question # 67

In which of the following case/cases Revocation of Power of Attorney is possible?

A.

Only (i)

B.

Both (i) and (ii)

C.

(i), (ii) and (iii)

D.

Only (ii)

Question # 68

The goals of Estate Planning can be broadly divided into_______ categories.

A.

Two

B.

Three

C.

Four

D.

Five

Question # 69

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

A.

Both (i) and (ii)

B.

Only(i)

C.

Only (ii)

D.

Neither (i) nor (ii)

Question # 70

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)

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