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

According to__________ of the ‘Registration Act, 1908’ the registration of a Will is not compulsory.

For which of the following stage of Business Cycle a succession plan is not prepared?

You are an Estate Planner. Mr. Arun Mittal, a HNI client asks you to explain him the number of ways to dispose of his wealth. You explain to him about the three ways of disposing wealth. He further asks you to give ranking to the methods-from most preferred to least preferred. You tell Mr. Arun that the correct order is _________________.

Private Companies have a minimum paid up capital of _______________ or such higher capital as may be prescribed.

Which of the following is/are benefit(s) of Business Succession Planning?

You are an Estate Planner. A client asks you to explain him the process of Probate. You explain him that Probate is one of the ways to pass ownership of estate property to a decedent’s survivors. The client further asks you to outline the various steps of Probate. As an estate planner, you would outline the steps of probate as follows (please specify the correct order)

The maximum gratuity payable as per Payment of Gratuity Act is __________.

Mr. Raj, the intestate, leaves no brother or sister but leaves his mother and one child of a deceased sister, Mary and two children of a deceased brother, George. How will the Estate be distributed?

You are an estate planner. A couple has jointly owned company. They have three children out of which one is disabled. As an estate planner, which Estate planning would you suggest to the couple, so as to enable them to transfer wealth efficiently to their children.

What is a ‘CestuquieTrust’?