QUESTION: 57 Exam Topic: 1, Volume A

There are generally________ types of Private Foundations. Out of these, in ____________

arrangement, the donor has no direct participation in any charitable work.

Two, Company-Sponsored Foundation
Three, Non-Operating Foundation
Two, Non-Operating Foundation
Three, Company-Sponsored Foundation

Answer(s): B

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QUESTION: 58 Exam Topic: 1, Volume A

While preparing a Will, the person who is making the Will must declare ________ that he is making the Will in his full senses and free from any kind of pressure. Once the testator completes writing the Will, he must the sign the Will very carefully in presence of at least __________independent witnesses.

At the end, Two
In the Beginning, Two
At the end, One
In the Beginning, One

Answer(s): B

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QUESTION: 59 Exam Topic: 1, Volume A

In case one wants to sell his/her business interest __________ and __________ are not appropriate.

Lifetime Gifts, Bequest
Lifetime Sale, Bequest
Estate Sale, Buy-Sell Agreement
Buy Sell Agreement, Bequest

Answer(s): A

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QUESTION: 60 Exam Topic: 1, Volume A

You are an Estate Planner. Your Client asks you that if he wants to give business to his children which method is not appropriate. He further asks you which method can help him control the size of this gift through his will. Your reply would be___________

Buy-Sell Agreement, Bequest
Bequest, Bequest
Estate Sale, Buy-Sell Agreement
Buy-Sell Agreement, Buy-Sell Agreement

Answer(s): B

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Free CTEP Exam Braindumps (page: 15)

QUESTION: 57 Exam Topic: 1, Volume A

QUESTION: 58 Exam Topic: 1, Volume A

QUESTION: 59 Exam Topic: 1, Volume A

QUESTION: 60 Exam Topic: 1, Volume A