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AAFM CTEP Exam Questions

Exam Name: Chartered Trust & Estate Planner (CTEP) Certification Examination
Exam Code: CTEP
Related Certification(s): AAFM Chartered Trust and Estate Planner Certification
Certification Provider: AAFM
Number of CTEP practice questions in our database: 472 (updated: Apr. 16, 2025)
Expected CTEP Exam Topics, as suggested by AAFM :
  • Topic 1: Introduction to Personal and Intestate Succession Laws/ Meaning and Essentials of a Contract
  • Topic 2: Society as a form of charitable Organization/ Philanthropy and Charitable Planning
  • Topic 3: FEMA Regulations in Estate Planning/ Introduction to Estate Planning
  • Topic 4: Religious and Charitable Trusts/ Anti-Money Laundering/ Estate Planning Process
  • Topic 5: Internation Estate Planning/ The Basic Tools of Estate Planning
  • Topic 6: Minority and Guardianship Act 1956/ Coparcenary Property Under HSA
  • Topic 7: Laws Affecting Estate Planning/ Business Succession Planning
  • Topic 8: Discretionary Trust/ Private Religious Trust/ Wills and Succession Planning
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Dewitt

25 days ago
Aced the CTEP exam! Pass4Success's questions were nearly identical to the real thing. Perfect for last-minute preparation.
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Fausto

2 months ago
CTEP certified professional here! Pass4Success's resources were spot-on. Saved me weeks of study time. Thanks!
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Donette

3 months ago
Successfully cleared CTEP! Pass4Success's practice questions matched the exam style perfectly. Great for quick revision!
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Kristin

3 months ago
Thrilled to announce that I passed the CTEP exam! The Pass4Success practice questions were a great help. There was a question in Unit 2 about the duties of an executor. It asked about the specific steps an executor must take to settle an estate, and although I was a bit unsure, I managed to pass.
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Brianne

4 months ago
CTEP certification achieved! Pass4Success's exam questions were invaluable. Prepared me perfectly in a short timeframe.
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Nan

4 months ago
I passed the CTEP exam, and I couldn't have done it without the Pass4Success practice questions. One question from Unit 1 that puzzled me was about the different types of beneficiaries. It asked about the rights of contingent beneficiaries versus primary beneficiaries, and I had to think hard about it.
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Janey

5 months ago
Passed CTEP on my first try! Pass4Success's questions were incredibly similar to the actual exam. Thank you for the efficient study material!
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Dudley

5 months ago
Just passed the CTEP exam, and the practice questions from Pass4Success were incredibly useful. There was a question in Unit 6 about the ethical considerations in estate planning. It asked how to handle situations where the client's wishes conflict with legal or ethical guidelines, and while I was unsure, I still passed.
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Detra

5 months ago
I successfully passed the CTEP exam, and Pass4Success practice questions played a big role. One question from Unit 5 that I found difficult was about the different types of powers of attorney. It asked about the distinctions between durable and non-durable powers of attorney, and I wasn't completely confident in my answer.
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Cherilyn

6 months ago
Wow, CTEP exam was tough but I made it! Pass4Success's practice tests were a lifesaver. Highly recommend for last-minute prep.
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Avery

6 months ago
Happy to share that I passed the CTEP exam! The Pass4Success practice questions were a lifesaver. There was a question in Unit 4 about the legal requirements for a valid will. It asked about the necessary elements and witnesses, and although I was unsure about the exact number of witnesses required, I still managed to pass.
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Kris

6 months ago
I passed the CTEP exam, thanks to the practice questions from Pass4Success. One challenging question from Unit 3 asked about the estate planning strategies for minimizing estate taxes. It was a bit confusing, especially when it came to the use of life insurance in estate planning, but I got through it.
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Alverta

7 months ago
CTEP certified! Pass4Success's materials were crucial for my quick prep. The real exam felt familiar thanks to their questions.
upvoted 0 times
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Almeta

7 months ago
Critical area. Any final advice for future test-takers?
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Gregoria

7 months ago
Just cleared the CTEP exam, and I owe a lot to Pass4Success practice questions. There was a tricky question in Unit 2 about the fiduciary responsibilities of trustees. It asked how a trustee should handle conflicts of interest, and while I had some doubts, the practice questions helped me navigate through it.
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Kerry

7 months ago
Definitely! Use Pass4Success for targeted practice. Their questions closely mirrored the actual exam. And don't forget to review state-specific laws - they came up more than I expected!
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Craig

7 months ago
I recently passed the AAFM Chartered Trust & Estate Planner (CTEP) Certification Examination, and I must say, the Pass4Success practice questions were incredibly helpful. One question that stumped me was about the different types of trusts in Unit 1. Specifically, it asked about the key differences between revocable and irrevocable trusts. I wasn't entirely sure about the tax implications, but I managed to pass the exam.
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Magda

8 months ago
Just passed the CTEP exam! Thanks to Pass4Success for their spot-on practice questions. Saved me so much time!
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Loise

10 months ago
Just passed the CTEP exam! Be prepared for questions on estate tax calculation, particularly for high-net-worth individuals. Focus on understanding exemption limits and gift tax implications. Thanks to Pass4Success for their spot-on practice questions that helped me prepare efficiently!
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Free AAFM CTEP Exam Actual Questions

Note: Premium Questions for CTEP were last updated On Apr. 16, 2025 (see below)

Question #1

Vikrant Juneja gifted his house property to his wife in year 2007. Mrs. Juneja then lets out this house @ Rs. 5000 per month. The income from such house property will be taxable in the hands of:

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Correct Answer: C

Question #2

Where an estate is liable to Inheritance Taxes, the tax is usually payable within ________________ of the end of the month in which the death occurred. If it becomes overdue, the amount owing may incur interest, currently at ___________ (as at April 2012).

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Correct Answer: A

Question #3

Estate Planning Process is eight-step procedure that a manager has to follow. The Eight Steps are as given below (not in any order)

The correct order is

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Correct Answer: B

Question #4

In US the exemption amount for Alternative Minimum Tax in the case of estate or trust is _________. The same in the case of married individuals filing a joint return and surviving spouses is ______________.

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Correct Answer: B

Question #5

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

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Correct Answer: B

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