Free CTEP Exam Braindumps (page: 9)

Page 8 of 119

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



_____________ 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






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