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CTEP Exam Dumps : Chartered Trust & Estate Planner® (CTEP®) Certification Examination

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Chartered Trust & Estate Planner® (CTEP®) Certification Examination Questions and Answers

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Question 1

Money-Laundering process has __________ stages.

Options:

A.

Two

B.

Three

C.

Four

D.

Infinite

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Question 2

In case of __________ trust there is no Inheritance Tax if the settlor survives for _________ years.

Options:

A.

Absolute, Three

B.

Absolute, Seven

C.

Discretionary, Three

D.

Discretionary, Seven

Question 3

In case of Discretionary Discounted Gift Trust, the settlor has the right to receive annual capital payments upto ________ of the original capital. The trust is suitable for individuals who have a liability to ______________ and are happy to make substantial gifts.

Options:

A.

5%; Gift Tax

B.

8%; Transfer Tax

C.

8%; Estate Duty

D.

5%; Inheritance Tax

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