AAFM CTEP Exam
Chartered Trust & Estate Planner (CTEP) Certification Examination (Page 8 )

Updated On: 7-Feb-2026

_____________ allows you to contribute cash but you will not receive tax deduction at the time of contribution.

  1. Traditional IRA
  2. Roth IRA
  3. SEP-IRA
  4. Simple IRA

Answer(s): B



There are __________ types of Insurance policies which are used in Estate Planning.

  1. Two
  2. Three
  3. Four
  4. No limit on the types of Insurance Policies

Answer(s): A



___________ is appropriate for donors who want to see their charitable dollars at work during their lifetimes.

  1. Bequest
  2. Family Foundation
  3. Outright gift
  4. Charitable Remainder Trust

Answer(s): C



Which of the following statement(s) about Estate Planning is/are true?

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

Answer(s): B



Which of the following statement(s) about Ancillary Probate is/are false?

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

Answer(s): D



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