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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

You have just started your Estate Planning firm. Your friend who is into Estate Planning since 5 years explains you that an Ideal Estate Planning Prospect is one who is aged ___ or over and are _______________.

Options:

A.

30, Married with Children

B.

30, Married with no children

C.

35, Married with Children

D.

35, Married with no Children

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Question 2

Mr. Pramod Jain (age 40 years) has life interest in a Trust property. The annual income from Trust property for last three years is as under:

The Trust has spent Rs. 5,000/- per year for collection of the income. The value of life interest of Re 1/- at the age of 40 is Rs. 10,093/-. The value of the property on the valuation date is Rs. 5 lakh. Find the value of life interest.

Options:

A.

Rs. 3.84 lakh

B.

Rs. 3 lakh

C.

Rs. 3.27 lakh

D.

Rs. 5 lakh

Question 3

Which of the following statement(s) about Estate Planning is/are true?

Options:

A.

Neither (i) nor (ii)

B.

Both (i) and (ii)

C.

Only(i)

D.

Only (ii)

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