Free AAFM CTEP Exam Questions
Absolute Free CTEP Exam Practice for Comprehensive Preparation
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AAFM CTEP Exam Questions
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Provided By: AAFM
- Exam: Chartered Trust & Estate Planner (CTEP)
- Certification: AAFM Certification
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Total Questions: 475
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Updated On: Sep 04, 2026
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Rated: 4.9 |
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Online Users: 950
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Question 1
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The defined period for fraudulent transfers under the Bankruptcy Code was formerly
____________prior to the debtor’s filing for bankruptcy. This period was ____________ by
the Bankruptcy Abuse Prevention and Consumer Protection Act of ___________.Transfers
to self-settled trusts may be recaptured if made within _________ of the debtor’s filing for
bankruptcy if the transfer in trust was made with the intent to hinder, delay or defraud
present or future creditors.
Answer: A
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The defined period for fraudulent transfers under the Bankruptcy Code was formerly
____________prior to the debtor’s filing for bankruptcy. This period was ____________ by
the Bankruptcy Abuse Prevention and Consumer Protection Act of ___________.Transfers
to self-settled trusts may be recaptured if made within _________ of the debtor’s filing for
bankruptcy if the transfer in trust was made with the intent to hinder, delay or defraud
present or future creditors.
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Question 2
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You are an Estate Planner. Your Client asks you that if he wants to give business to his
children which method is not appropriate. He further asks you which method can help him
control the size of this gift through his will. Your reply would be__________
Answer: B
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You are an Estate Planner. Your Client asks you that if he wants to give business to his
children which method is not appropriate. He further asks you which method can help him
control the size of this gift through his will. Your reply would be__________
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Question 3
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A father and his _________________ can also form an HUF.
Answer: B
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A father and his _________________ can also form an HUF.
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Question 4
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A trust created under the Married Woman Property Act, is an example of
________________.
Answer: C
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A trust created under the Married Woman Property Act, is an example of
________________.
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Question 5
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In US for 2013, the amount of the standard deduction is ______ for single individuals and
married individuals filing separate returns
Answer: B
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In US for 2013, the amount of the standard deduction is ______ for single individuals and
married individuals filing separate returns