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CTEP Exam Questions & Answers
Chartered Trust & Estate Planner (CTEP) Certification Examination • AAFM
472 Questions
Updated Sep 2026
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Sample CTEP Questions
Practice with real exam-style questions, each with the verified correct answer and explanation.
Q1
MultipleChoice
Which of the following is another name for ''True Lease''?
Correct Answer: C
Q2
MultipleChoice
________ plan involves only Business assets.
Correct Answer: B
Q3
MultipleChoice
You are an Estate Planner. Your Client asks you that if he wants to give business to his children which method is not appropriate. He further asks you which method can help him control the size of this gift through his will. Your reply would be___________
Correct Answer: B
Q4
MultipleChoice
Which of the following statement(s) is/are correct?
Correct Answer: C
Q5
MultipleChoice
A Deposit of a Will is ____________________
Correct Answer: D
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Unlock All CTEP QuestionsFrequently Asked Questions
To be eligible for the CTEP exam, candidates typically need to have a minimum of 3 years of professional experience in trust and estate planning or a related financial services field. Additionally, applicants must meet educational requirements, which may include holding a bachelor's degree or demonstrating equivalent professional credentials through AAFM-approved pathways.
The CTEP exam consists of 150 multiple-choice questions that must be completed within a 3-hour time period. The exam is designed to comprehensively test knowledge across various trust and estate planning domains including tax law, fiduciary duties, and estate administration.
The CTEP exam covers essential areas including estate planning fundamentals, federal income and gift taxes, trust administration, probate procedures, fiduciary responsibilities, and investment management for trusts and estates. The exam also includes questions on ethical considerations and current regulations affecting trust and estate planning professionals.
Candidates must achieve a minimum score of 70% on the CTEP exam to pass and earn their certification. This passing threshold is designed to ensure that certified professionals have demonstrated competency in all critical areas of trust and estate planning.
Candidates who do not pass the CTEP exam on their first attempt may retake the examination, though there are typically restrictions on how frequently retakes are allowed. AAFM generally requires a waiting period between attempts and may have limits on the total number of retakes within a specific timeframe.