Summer Sale Limited Time 65% Discount Offer - Ends in 0d 00h 00m 00s - Coupon code: ecus65

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

Page: 1 / 15
Total 472 questions

___________ 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

As per Employee Provident Fund, a member can withdraw________ of the amount of provident fund at credit after attaining the age of 54 years or within one year before actual retirement or superannuation whichever is later.

A.

100%

B.

90%

C.

75%

D.

50%

According to ___________ of the Registration Act, 1908 the registration of a Will is not compulsory. A suit can only be filed within ___________days after the refusal of registration by the Registrar. An oral will made by a soldier above 18 years of age will be valid for __________ while a written will be valid for ___________.

A.

Section 18, 30, One month, Forever

B.

Section 18,15,One Month, Three Months

C.

Section 8, 15, One Month, Forever

D.

Section 8, 30, One Month, Forever

There are __________ types of Insurance policies which are used in Estate Planning.

A.

Two

B.

Three

C.

Four

D.

No limit on the types of Insurance Policies

As per Payment of Gratuity Act, Gratuity shall be payable to an employee after he has rendered continuous service for not less than __________

A.

2 years

B.

5 years

C.

10 years

D.

15 years

__________ is an influential person who knows you favorably and agrees to introduce or recommend you to others.

A.

Centre of Influence

B.

Attorney

C.

Commercial Bank Officer

D.

Property Agent

As per the Payment of Gratuity Act, the employer shall pay the amount of gratuity within _________.

A.

30 days

B.

45 days

C.

180 days

D.

270 days

There are four general categories of charitable gifts for donors and non-profits to consider. Out of these________ and ____________ require no contracts, trusts, trustees or special income tax returns. On the other hand, for __________ and _____________most donors and non-profits will need significant level of financial sophistication.

A.

Outright Gifts, Bequest, Life Income Gifts, Family Foundations

B.

Outright Gifts, Life Income Gifts, Bequest, Family Foundations

C.

Family Foundation, Bequest, Life Income Gifts, Outright Gifts

D.

Family Foundation, Outright Gifts, Life Income Gifts, Bequest

Estate planning has _________ steps.

A.

Two

B.

Three

C.

Four

D.

Five

The selling/ planning process has __________ steps.

A.

Four

B.

Five

C.

Seven

D.

Eight