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AAFM CTEP Exam
Chartered Trust & Estate Planner (CTEP) Certification Examination (Page 17 )

Updated On: 9-Feb-2026
Page 17 of 96
PDF with 472 Questions

Mr. Raj, the intestate, leaves no brother or sister but leaves his mother and one child of a deceased sister, Mary and two children of a deceased brother, George. How will the Estate be distributed?

  1. Raj's Mother will be receive all the Property.
  2. Raj's Mother will take 50% of the share while remaining 50% will be divided equally between the three children.
  3. Raj's mother will take one-third, Mary's child will take one-third and the children of George will divide the remaining one-third equally between them.
  4. Raj's mother will take 50% of the share and remaining will be divided between George's children

Answer(s): C



You are an Estate Planner. A client gives you the following information (given below in Table).



You are required to make Quick Estimate of Estate's liquidity. All figures are in Rupees. The estimate in this case is ______________

  1. 5,68,000
  2. (5,68,000)
  3. (1,30,000)
  4. 1,30,000

Answer(s): A



There are ____________ sources of Law.

  1. Two
  2. Three
  3. Four
  4. Infinite

Answer(s): A



___________ is the submission of a disputed matter to an impartial person.

  1. Mediation
  2. Negotiation
  3. Arbitration
  4. Litigation

Answer(s): C



There are _________________ Non-Formal Sources of Law.

  1. One
  2. Two
  3. Three
  4. Infinite

Answer(s): D






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