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.

ATwo, Settlor

BThree, Settlor

CTwo, Executor

DThree, Executor

Show Suggested Answer

Suggested Answer: B

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

Limited Time Offer

25%

Off

Get Premium CTEP Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel

Tomas

7 days ago

A) Two, Settlor? That's easy, even a trust fund baby could get this one right.

upvoted 0 times

...

Shannan

10 days ago

Hold up, I thought the Executor was the one who settles the trust? Guess I need to brush up on my legal terminology.

upvoted 0 times

...

Ollie

10 days ago

Hmm, I'll go with C) Two, Executor. Feels like a trick question, but I'm feeling lucky today.

upvoted 0 times

...

Devorah

12 days ago

I think the answer is A. Two parties and the settlor makes sense to me.

upvoted 0 times

...

Rolland

15 days ago

I'm pretty sure it's B) Three, Settlor. Can't go wrong with the classic trust setup!

upvoted 0 times

...

Ronald

24 days ago

I agree with Odette. The settlor is crucial in setting up the trust.

upvoted 0 times

...

Odette

24 days ago

A trust involves two parties. Settlor is the person who establishes the trust.

upvoted 0 times

...