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Free CTEP Exam Braindumps (page: 18)

Page 17 of 119
PDF with 472 Questions

In which of the following case/cases Revocation of Power of Attorney is possible?

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

Answer(s): C



Which of the following statement(s) about `Whole Life Insurance' is/are correct?

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

Answer(s): B



You are an Estate Planner. Mr. Arun Mittal, a HNI client asks you to explain him the number of ways to dispose of his wealth. You explain to him about the three ways of disposing wealth. He further asks you to give ranking to the methods-from most preferred to least preferred. You tell Mr. Arun that the correct order is _________________.

  1. Consumption, Inheritance, Philanthropy
  2. Inheritance, Consumption, Philanthropy
  3. Philanthropy, Inheritance, Consumption
  4. None as he can dispose his wealth in any order.

Answer(s): A



There are ______types of Charitable Trust. Out of these, in ________________ the value of assets are protected against inflation as the payouts vary with the asset value.

  1. Two, Charitable Remainder Unit Trust
  2. Two, Charitable Remainder Annuity Trust
  3. Three, Charitable Remainder Unit Trust
  4. Three, Charitable Remainder Annuity Trust

Answer(s): D






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