Free AAFM CTEP Exam Questions & Practice Tests | Page 7

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121. What is a ‘CestuquieTrust’?

122. According to ___________ of the Registration Act, 1908 the registration of a Will is not...

123. Which of the following statement(s) about Minute Book is/are correct?

124. Public Limited Companies have a minimum paid up capital of ______________ or such higher capital...

125. Full form of IRA is_____________

126. Which of the following is/are objective(s) of Probate process?

127. Estate planning has _________ steps.

128. You are an Estate Planner.

129. ___________ is the submission of a disputed matter to an impartial person.

130. Charity tends to be ________ and _________ response.

131. Which of the following statement(s) about Power of Attorney is/are correct?

132. A High Net Worth Individual (HNI) should hold at least _______ in liquid financial assets.

133. Which of the following statement(s) about Estate Planning is/are true?

134. Which of the following statement(s) about codicil is/are correct?

135. Which of the following statement(s) about ESOP is/are incorrect?

136. ____________ is the most basic legal instrument of all Estate Plans.

137. Who needs an Estate Plan?

138. Which of the following statement(s) about Power of Attorney (POA) is/are correct?

139. In which of the following case/cases Revocation of Power of Attorney is possible?

140. Failure to create an Estate Plan leads to __________

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TESTED 30 Jul 2025