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

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Question # 4

__________________ is used to show what Inheritance tax is due when someone has died and _________________ is used to show what Inheritance tax is due from lifetime events.

A.

IHT 100; IHT 400

B.

IHT 200; IHT 300

C.

IHT 400; IHT 100

D.

IHT 300; IHT 200

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Question # 5

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

A.

All except (i)

B.

All except (ii)

C.

All except (iv)

D.

All of the above

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Question # 6

Failure to create an Estate Plan leads to __________

A.

Only (i)

B.

Only (ii)

C.

Neither of the (ii)

D.

Both (i) and (ii)

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Question # 7

______________ is the final stage in the process of 'Money Laundering' at the International Level.

A.

Integration

B.

Placement

C.

Layering

D.

Transposition

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Question # 8

Which of the following is allowed as deduction from net annual value of a property?

A.

Repairs & collection charges

B.

Insurance premium

C.

Interest on loan borrowed for repairs

D.

All the above

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