AAFM CTEP Exam
Chartered Trust & Estate Planner (CTEP) Certification Examination (Page 7 )

Updated On: 7-Feb-2026

With reference to Business Succession Planning, ____________ protects the value of the business.

  1. Business Valuator
  2. Private Banker
  3. Insurance Professional
  4. Business Banker

Answer(s): C



If a soldier makes a Will in oral form, for what time will it be valid?

  1. It will be valid always
  2. Valid for only a month
  3. Valid for three months
  4. Soldier cannot make Oral will

Answer(s): B



A will can be made by anyone above _____ years of age in India.

  1. 15
  2. 16
  3. 18
  4. 21

Answer(s): D



A__________ can bring significant gift and estate tax savings.

  1. Granted Retained Annuity Trust
  2. Family Limited Partnership
  3. Intentionally Defective Grantor Trust
  4. Buy and Sell Agreement

Answer(s): B



Full form of IRA is_____________

  1. Individual Revocable Account
  2. Individual Retirement Arrangement
  3. Individual Retirement Attorney
  4. Individual Retirement Aggregation

Answer(s): B



Viewing page 7 of 96
Viewing questions 31 - 35 out of 472 questions



Post your Comments and Discuss AAFM CTEP exam prep with other Community members:

Join the CTEP Discussion