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Free CTEP Exam Braindumps (page: 14)

Page 13 of 119
PDF with 472 Questions

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



You are an estate planner. A couple has jointly owned company. They have three children out of which one is disabled. As an estate planner, which Estate planning would you suggest to the couple, so as to enable them to transfer wealth efficiently to their children.

  1. Life Insurance Policy
  2. Buy Sell Agreement
  3. Family Limited Partnership
  4. Grantor Retained Annuity Trust

Answer(s): B



_________ is the most appropriate method for donors who prefer to make gifts at the end of their life and _________ is the most appropriate method for donors who prefer to give gifts during their lifetime.

  1. Bequest and Outright Gift
  2. Outright Gift and Bequest
  3. Family Foundation and Life Income Gifts
  4. Life Income Gifts and Family Foundation

Answer(s): A






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