Selected CTEP AAFM Certification Questions Answers

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

Question 29

Which one of the following statement(s) is/are correct?

(i) only

(ii) only

Both are incorrect

None of the above

Question 30

Which of the following statement(s) about partition of HUF is/are correct?

All of the above

Only (i)

Only (ii)

Only (iii)

Question 31

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

Absolute, Three

Absolute, Seven

Discretionary, Three

Discretionary, Seven

Question 32

__________________ is spoken rather than dictated or written.

Nuncupative Will

Notarial Will

Mirror Will

Simple Will