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AAFM Certification CTEP AAFM Study Notes

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Question 32

What is a ‘CestuquieTrust’?

Options:

A.

It is a Trust created for People with Minor children.

B.

It is a Trust created by people in high-liability occupations

C.

It is the person for whose benefit the property is transferred.

D.

It is another name for ‘Deed of Trust’

Question 33

________ plan involves only Business assets.

Options:

A.

Financial

B.

Succession

C.

Estate

D.

Contingency

Question 34

In case one wants to sell his/her business interest __________ and __________ are not appropriate.

Options:

A.

Lifetime Gifts, Bequest

B.

Lifetime Sale, Bequest

C.

Estate Sale, Buy-Sell Agreement

D.

Buy Sell Agreement, Bequest

Question 35

Estate tax is also called ________

Options:

A.

Succession Tax

B.

Voluntary Tax

C.

Involuntary Tax

D.

Transfer Tax

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Exam Code: CTEP
Exam Name: Chartered Trust & Estate Planner® (CTEP®) Certification Examination
Last Update: Nov 21, 2024
Questions: 472
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