Free CTEP Exam Braindumps (page: 15)

Page 14 of 119

Which of the following is/are objective(s) of Probate process?

  1. (i) and (ii)
  2. (iI) and (iii)
  3. (i),(ii) and (iii)
  4. (i) and (iii)

Answer(s): C



Which of the following statement(s) about Power of Attorney is/are correct?

  1. Neither of the (ii)
  2. Only (i)
  3. Only (ii)
  4. Both (i) and (ii)

Answer(s): D



_________________ can be used as an alternative to the outright gift and ___________ can be used as an alternative to a traditional short term pledge.

  1. Virtual Endowment Model, Step-Up gift
  2. Virtual Endowment Model, Philanthropic Equity Builder Model
  3. Virtual Endowment Model, Family Foundation
  4. Step-Up Gift, Family Foundation

Answer(s): B



A trust involves_______ parties. ___________ is the person who establishes the trust.

  1. Two, Settlor
  2. Three, Settlor
  3. Two, Executor
  4. Three, Executor

Answer(s): B






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