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AAFM CTEP Exam
Chartered Trust & Estate Planner (CTEP) Certification Examination (Page 11 )

Updated On: 7-Feb-2026
Page 11 of 96
PDF with 472 Questions

Wills executed according to __________ of the _____________ are called Unprivileged Wills.

  1. Section 8, Hindu Succession Act 1956
  2. Section 63, Indian Succession Act 1925
  3. Section 8, Indian Succession Act 1925
  4. Section 63, Hindu Succession Act 1956

Answer(s): B



Which of the following is/are benefit(s) of Business Succession Planning?

  1. Both (i) and (ii)
  2. Neither (i) nor (ii)
  3. Only (i)
  4. Only (ii)

Answer(s): A



There are__________ methods of Business valuation.Out of these methods,___________ method applies discount rate to determine the valuation of the business.

  1. Two, Discounted Cash Flow
  2. Three, Discounted Cash Flow
  3. Two, Income method
  4. Three, Income method

Answer(s): C



Which of the following statement(s) about ESOP is/are incorrect?

  1. Both (i) and (ii)
  2. Only (i)
  3. Only (ii)
  4. Neither (i) nor (ii)

Answer(s): D



There are______ key estate planning strategies to transfer wealth efficiently. In a Granted Retained Annuity Trust, annuity payments are determined in relation to IRS benchmark interest rate called ____________ rate.

  1. Four, Section 7520
  2. Six, Section 7520
  3. Four. Section 7620
  4. Six, Section 7620

Answer(s): B






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