AAFM CTEP Exam
Chartered Trust & Estate Planner (CTEP) Certification Examination (Page 3 )

Updated On: 7-Feb-2026

Estate planning as a process includes?

  1. Accumulation of an estate
  2. Conservation of an estate
  3. Distribution of an estate
  4. All of the above

Answer(s): D



Who needs an Estate Plan?

  1. Everyone
  2. HNI
  3. Terminally ill
  4. Elderly

Answer(s): A



Estate planning has_____ phases.

  1. Nil
  2. Two
  3. Three
  4. Depends on the value of estate

Answer(s): C



A High Net Worth Individual (HNI) should hold at least _______ in liquid financial assets.

  1. $1 million
  2. $5 million
  3. $10 million
  4. $50 million

Answer(s): A



More than_______ in wealth classifies the person as "Ultra HNI"

  1. $1 million
  2. $10 million
  3. $50 million
  4. $100 million

Answer(s): C



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