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

Last Update 6 hours ago Total Questions : 472

The Chartered Trust & Estate Planner® (CTEP®) Certification Examination content is now fully updated, with all current exam questions added 6 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 # 71

Which of the following events does not require a Estate Planner to revise his plan?

A.

Divorce

B.

Donation of Asset

C.

Birth of grandchildren

D.

None of the above

Question # 72

___________ is appropriate for donors who want to see their charitable dollars at work during their lifetimes.

A.

Bequest

B.

Family Foundation

C.

Outright gift

D.

Charitable Remainder Trust

Question # 73

There are_________ steps to implement Philanthropy Planning and the first step is__________.

A.

Three, Gift Design

B.

Three, Discovery

C.

Four, Gift Design

D.

Four, Discovery

Question # 74

Failure to create an Estate Plan leads to __________

A.

Only (i)

B.

Only (ii)

C.

Neither of the (ii)

D.

Both (i) and (ii)

Question # 75

Which of the following is a way to Revoke a Will?

A.

None of the above

B.

Both (i) and (ii)

C.

Only (iii)

D.

(i), (ii) and (iii)

Question # 76

_________ is the most appropriate method for donors who prefer to make gifts at the end of their life and _________ is the most appropriate method for donors who prefer to give gifts during their lifetime.

A.

Bequest and Outright Gift

B.

Outright Gift and Bequest

C.

Family Foundation and Life Income Gifts

D.

Life Income Gifts and Family Foundation

Question # 77

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)

Question # 78

___________ is the submission of a disputed matter to an impartial person.

A.

Mediation

B.

Negotiation

C.

Arbitration

D.

Litigation

Question # 79

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)

Question # 80

A trust involves_______ parties. ___________ is the person who establishes the trust.

A.

Two, Settlor

B.

Three, Settlor

C.

Two, Executor

D.

Three, Executor

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