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CTEP Exam Dumps - Chartered Trust & Estate Planner® (CTEP®) Certification Examination

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Question # 41

In Singapore, the deadline for filing personal tax return is _________.

A.

31-Mar

B.

15-Apr

C.

31-Dec

D.

15-Sep

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Question # 42

In US for year 2013, Qualifying child relief is ___________ per child and Handicapped child relief is _____________ per child.

A.

$4,000; $8,000

B.

$10,000;$12,000

C.

$1,000; $2,000

D.

$4,000; $5,500

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Question # 43

Which of the following option illustrates an advantage of the probate process?

A.

(i) only

B.

(ii) and (iii)

C.

(ii), (iii) & (iv)

D.

(i), (ii), (iii) & (iv)

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Question # 44

A _______________ is written in the Will-maker’s own handwriting.

A.

Mirror Will

B.

Holographic Will

C.

Nuncupative Will

D.

Simple Will

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Question # 45

Which of the following statement(s) about Estate Planning is/are correct?

A.

(i),(ii),(iii) and (iv)

B.

Only (iii)

C.

(iii) and (iv)

D.

Only (ii)

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Question # 46

The goals of Estate Planning can be broadly divided into_______ categories.

A.

Two

B.

Three

C.

Four

D.

Five

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Question # 47

As per Payment of Gratuity Act, Gratuity shall be payable to an employee after he has rendered continuous service for not less than __________

A.

2 years

B.

5 years

C.

10 years

D.

15 years

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Question # 48

What is a ‘CestuquieTrust’?

A.

It is a Trust created for People with Minor children.

B.

It is a Trust created by people in high-liability occupations

C.

It is the person for whose benefit the property is transferred.

D.

It is another name for ‘Deed of Trust’

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