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AAFM CTEP Exam
Chartered Trust & Estate Planner (CTEP) Certification Examination (Page 16 )

Updated On: 9-Feb-2026
Page 16 of 96
PDF with 472 Questions

You are an Estate Planner. A client asks you to explain him the process of Probate. You explain him that Probate is one of the ways to pass ownership of estate property to a decedent's survivors. The client further asks you to outline the various steps of Probate. As an estate planner, you would outline the steps of probate as follows (please specify the correct order)

  1. (i)-(ii)-(iii)-(iv)
  2. (ii)-(iii)-(i)-(iv)
  3. (i)-(iii)-(ii)-(iv)
  4. (iii)-(i)-(ii)-(iv)

Answer(s): B



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

  1. Only (i)
  2. Both (i) and (iv)
  3. (i),(ii),(iii) and (iv)
  4. (i),(iii) and (iv)

Answer(s): D



According to ___________ of the Registration Act, 1908 the registration of a Will is not compulsory. A suit can only be filed within ___________days after the refusal of registration by the Registrar. An oral will made by a soldier above 18 years of age will be valid for __________ while a written will be valid for ___________.

  1. Section 18, 30, One month, Forever
  2. Section 18,15,One Month, Three Months
  3. Section 8, 15, One Month, Forever
  4. Section 8, 30, One Month, Forever

Answer(s): A



Which of the following statement(s) about Estate Planning is/are correct?

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

Answer(s): D



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

  1. All except (iv)
  2. All except (iii)
  3. All (i),(ii),(iii) and (iv)
  4. None of (i),(ii),(iii) and (iv)

Answer(s): B






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