Free CTEP Exam Braindumps (page: 4)

Page 3 of 119

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



What is the ultimate goal of Estate Planning?

  1. To reduce estate taxes to minimum
  2. To fulfill the estate owner's wishes as closely as possible
  3. Increase the value of client's assets
  4. Conserve the existing assets of client

Answer(s): B



For which of the following stage of Business Cycle a succession plan is not prepared?

  1. Survival
  2. Growth
  3. Maturity
  4. New Growth or Winding Down

Answer(s): D






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