Online Access Free CTEP Exam Questions

________________ is an informal type of Trust that is created during the lifetime of the grantor by depositing money into an account at a bank or other Financial Institution in the
grantor's name as the Trustee for another person.

• A.Totten Trust
• B.Dynasty Trust
• C.Grantor Retained Income Trust
• D.Spendthrift Trust

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

• A.None
• B.Only (i)
• C.Only (ii)
• D.Both (i) and (ii)

A member is defined under ___________ of the Societies Registration Act and a Governing body is defined under_______________ of the Societies Registration Act.

• A.Section 29,Section 30
• B.Section 19,Section 20
• C.Section 17,Section 18
• D.Section 15, Section 16

Socities Registration Act has ______________ Sections. ________________ deals with the Registration and Fee of Society.

• A.30, Section 1
• B.18, Section 1
• C.20, Section 3
• D.15, Section 3

For 2012-2013 the annual exclusion amount sheltered from estate tax in US is ____________.

• A.$5,500,000
• B.$5,750,000
• C.$5,250,000
• D.$5,000,000