CTFA QUESTIONS WITH 100 % CORRECT ANSWERS | VERIFIED

Your client owns a $ 200,000 home in joint a $ 15,000 8,000 CD in his name alone , and a $ 100,000 life insurance What is the value of his probate estate - Answer-23,000 2. A simple trust earned $ 27,000 in dividends from income and one - half from principal following ? - Answer-25,000 3. If the Trust Document is silent with respect to a certain cash transaction Administrator should first look to which of the following for guidance - Answer-Principal and Income Law of the State When determining a long term sustainable rate of return for a Unitrust payout, which of the following best represents a range of high confidence payout percentage - Answer-3-5 % In cutting down a tree , which of the following occurs ? - Answer-Real property is converted to personal property --Real property is converted to personal property --$400,000 --Her share passes to the surviving joint tenant regardless of what her will says. --Joint Tenancy, Tenants by Entirety, Living Trust, Contract Property -Sole/Individual, Tenants in Common, Community property --Tenants by entirety, Community property