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AAFM Exam CTEP Topic 2 Question 59 Discussion

Actual exam question for AAFM's CTEP exam
Question #: 59
Topic #: 2
[All CTEP Questions]

A trust involves_______ parties. ___________ is the person who establishes the trust.

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Suggested Answer: B

by Desirae at Jan 27, 2025, 01:50 PM

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Una
2 months ago
As a future trust fund baby, I'm offended by that last comment. But I'll have my butler look up the right answer for me.
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Robt
6 days ago
That's correct. The Settlor is the person who establishes the trust.
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Marshall
7 days ago
I think it's A) Two, Settlor.
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Lorean
19 days ago
A) Two, Settlor
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Tomas
2 months ago
A) Two, Settlor? That's easy, even a trust fund baby could get this one right.
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Billy
14 days ago
C) Two, Executor
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Lai
22 days ago
A) Two, Settlor? That's easy, even a trust fund baby could get this one right.
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Luisa
1 months ago
B) Three, Settlor
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Paris
2 months ago
A) Two, Settlor
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Shannan
2 months ago
Hold up, I thought the Executor was the one who settles the trust? Guess I need to brush up on my legal terminology.
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Marshall
1 months ago
The Executor is responsible for carrying out the terms of the trust.
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Catherin
1 months ago
The Settlor is the one who establishes the trust.
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Ollie
2 months ago
Hmm, I'll go with C) Two, Executor. Feels like a trick question, but I'm feeling lucky today.
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Devorah
2 months ago
I think the answer is A. Two parties and the settlor makes sense to me.
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Rolland
2 months ago
I'm pretty sure it's B) Three, Settlor. Can't go wrong with the classic trust setup!
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Rene
28 days ago
I see, thanks for clarifying. I'll go with A) Two, Settlor then.
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Lenna
1 months ago
No, it's definitely A) Two, Settlor. The settlor plays a key role in setting up the trust.
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Frank
2 months ago
Oh really? I always thought it was B) Three, Settlor. Interesting.
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Janella
2 months ago
I think it's actually A) Two, Settlor. The settlor is the one who establishes the trust.
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Ronald
3 months ago
I agree with Odette. The settlor is crucial in setting up the trust.
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Odette
3 months ago
A trust involves two parties. Settlor is the person who establishes the trust.
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