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Question 48

You are an Estate Planner. Mr. Sumit is your client. He wants to set up Trust fund for his child. As an Estate Planner, which of the following instructions will you give to Mr. Sumit?

Options:

A.

All except (iv)

B.

All except (iii)

C.

All except (v)

D.

All of the above

Question 49

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

Options:

A.

Neither (i) or (ii)

B.

Both (i) and (ii)

C.

Only (i)

D.

Only (ii)

Question 50

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

Options:

A.

Only (i)

B.

Only (ii)

C.

Neither (i) or (ii)

D.

Both (i) and (ii)

Question 51

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

Options:

A.

Only (i)

B.

Neither (i) or (ii)

C.

Both (i) and (ii)

D.

Only (ii)

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Exam Code: CTEP
Exam Name: Chartered Trust & Estate Planner® (CTEP®) Certification Examination
Last Update: Dec 22, 2024
Questions: 472
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