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AAFM CTEP Exam - Topic 1 Question 67 Discussion

You are an Estate Planner. Mr. Arun Mittal is your client. He is inquisitive to know about Trusts. You explain him that on the basis of intention, Trust is of ____________ types and on the basis of Purpose, Trust is of __________ types. He further asks you that which of these are the requisites for the creation of a Trust out of theseWhat will be your reply to all of the above questions?
A) Five, Two, None of the above
B) Five, Two, All of the above
C) Four, Four, Only (ii)
D) Five, Four, Both (ii) and (iii)

AAFM CTEP Exam - Topic 1 Question 67 Discussion

Actual exam question for AAFM's CTEP exam
Question #: 67
Topic #: 1
[All CTEP Questions]

You are an Estate Planner. Mr. Arun Mittal is your client. He is inquisitive to know about Trusts. You explain him that on the basis of intention, Trust is of ____________ types and on the basis of Purpose, Trust is of __________ types. He further asks you that which of these are the requisites for the creation of a Trust out of these

What will be your reply to all of the above questions?

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Suggested Answer: A

by Ernestine at Jul 15, 2025, 02:07 AM

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Vashti
6 months ago
I believe the requisites are really important to understand too!
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Lashawn
6 months ago
Wait, are you sure about those numbers? Seems off to me.
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Eve
6 months ago
Totally agree, five and four sounds right!
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Melina
6 months ago
Trusts are definitely interesting! There are five types based on intention.
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Audry
6 months ago
I thought there were only four types based on purpose?
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Felicidad
7 months ago
I believe the answer is D, but I need to double-check if both (ii) and (iii) are indeed requisites for a trust.
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Leonida
7 months ago
I'm not sure about the requisites for creating a trust. I feel like I might have mixed up the options.
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Shaquana
7 months ago
I think there are five types of trusts based on intention and four based on purpose. That sounds familiar from our practice questions.
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Gilma
7 months ago
I remember that there are different types of trusts based on intention, but I can't recall if it's five or four.
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Hubert
8 months ago
This question is testing my knowledge of trust law, which is an area I'm still getting comfortable with. I'll make sure to carefully consider each option and think through the logic behind the answer. Taking my time is key here.
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Chana
8 months ago
I feel pretty confident about this one. I remember learning about the different classifications of trusts, and the requisites for creating a trust are straightforward. I'll double-check my work, but I think I can nail this question.
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Thurman
8 months ago
Hmm, this is a tricky one. I'm a bit confused about the distinction between the types of trusts and the requisites for creating a trust. I'll need to re-read the question and think it through step-by-step to make sure I don't miss anything.
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Lilli
8 months ago
Okay, I think I've got a handle on the different types of trusts based on intention and purpose. Now I just need to identify the requisites for creating a trust. I'll review the options carefully and select the one that best matches the information given.
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Daron
8 months ago
This question seems straightforward, but I want to make sure I understand the key details before answering. I'll carefully read through the information provided and think through the different types of trusts and their requisites.
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Trinidad
9 months ago
If I were the estate planner, I'd be tempted to just say, 'Trust me, I know what I'm doing!' but that wouldn't be very professional, would it?
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Rebbeca
9 months ago
Haha, I bet Mr. Arun Mittal is really keeping the estate planner on their toes with all these questions!
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Fausto
8 months ago
Five types for intention? That's interesting!
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Kendra
8 months ago
Mr. Mittal sounds curious! That's great for learning!
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Erasmo
9 months ago
Trusts can be complex. Good that he's asking!
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Kindra
9 months ago
I wonder which purpose types he'll explore next!
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Polly
10 months ago
The requisites for creating a Trust are mentioned in option D - Five, Four, Both (ii) and (iii).
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Martin
10 months ago
Wait, there are four and four types of trusts? This is getting confusing.
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Florinda
9 months ago
The requisites for creating a trust depend on the specific type of trust you are looking to establish.
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Lynda
10 months ago
Yes, there are different types of trusts based on intention and purpose.
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Ariel
10 months ago
What are the requisites for creating a Trust?
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Jamika
11 months ago
I think the answer is D. Both (ii) and (iii) are the requisites for the creation of a trust.
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Jacqueline
10 months ago
That's correct. Both (ii) and (iii) are the requisites for the creation of a trust.
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Jacqueline
10 months ago
D) Five, Four, Both (ii) and (iii)
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Polly
11 months ago
Trusts are of two types based on intention and four types based on purpose.
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Shaniqua
11 months ago
Hmm, this seems tricky. I'm not sure about the different types of trusts based on intention and purpose.
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Audra
10 months ago
Estate Planner
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Shonda
10 months ago
Estate Planner
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