[AEP] Accredited Estate Planner
1. Which of the following is NOT a qualifying professional credential for an individual to be
eligible for the Accredited Estate Planner (AEP) designation?
A) Certified Public Accountant (CPA)
B) Master of Science in Financial Services (MSFS)
C) Registered Nurse (RN)
D) Certified Financial Planner (CFP®)
Answer: C) Registered Nurse (RN)
Explanation: To be eligible for the AEP designation, candidates must hold specific professional
credentials such as JD, CPA, CFP®, or MSFS. A Registered Nurse (RN) is not on the list of eligible
credentials.
2. What is required for an attorney to qualify for the Accredited Estate Planner (AEP)
designation?
A) Active license to practice law
B) A law degree from an accredited university
C) Experience in estate planning
D) A minimum of five years of law practiceP
Answer: A) Active license to practice law
Explanation: An attorney must have an active license to practice law in order to be eligible for
the AEP designation. A law degree alone is not sufficient.
3. Which of the following credentials would allow someone to apply for the Accredited Estate
Planner (AEP) designation?
A) Chartered Financial Consultant® (ChFC®)
B) Associate Financial Planner (AFP)
C) Business Analyst (BA)
D) Real Estate Broker (REB)
Answer: A) Chartered Financial Consultant® (ChFC®)
Explanation: The ChFC® is one of the eligible credentials for the AEP designation. Other
credentials like AFP or BA are not part of the list of qualifying credentials.
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, [AEP] Accredited Estate Planner
4. Which designation is specifically intended for professionals focusing on high-net-worth
clients and their estate planning needs?
A) Certified Private Wealth Advisor® (CPWA®)
B) Certified Trust & Fiduciary Advisor (CTFA)
C) Chartered Life Underwriter® (CLU®)
D) Certified Specialist in Planned Giving (CSPG)
Answer: A) Certified Private Wealth Advisor® (CPWA®)
Explanation: The CPWA® is a professional designation focused on high-net-worth clients,
making it relevant for those pursuing the AEP designation, which is aimed at estate planning for
such clients.
5. Which of the following is required in addition to holding an eligible professional credential
to qualify for the AEP designation?
A) Passing a written exam
B) A minimum of five years of estate planning experience
C) A recommendation letter from a supervisor
D) A financial statement
Answer: B) A minimum of five years of estate planning experience
Explanation: In addition to holding a qualifying credential, candidates must demonstrate a
minimum of five years of estate planning experience to be eligible for the AEP designation.
6. Can a Chartered Financial Analyst (CFA) be eligible for the Accredited Estate Planner (AEP)
designation?
A) Yes, if they have sufficient estate planning experience
B) No, because it is not related to estate planning
C) Yes, but only with additional credentials in law
D) No, they are required to have a CPA license
Answer: A) Yes, if they have sufficient estate planning experience
Explanation: A CFA is an eligible credential for the AEP designation if the individual has the
necessary estate planning experience.
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, [AEP] Accredited Estate Planner
7. What type of experience is necessary for a candidate with the Certified Financial Planner
(CFP®) designation to be eligible for the AEP?
A) Three years of financial advising experience
B) No specific experience required
C) Five years of estate planning experience
D) Two years of legal experience
Answer: C) Five years of estate planning experience
Explanation: In addition to holding the CFP® credential, candidates must have a minimum of
five years of estate planning experience to qualify for the AEP designation.
8. Which of the following professional credentials qualifies an individual to pursue the
Accredited Estate Planner (AEP) designation?
A) Chartered Financial Consultant® (ChFC®)
B) Certified Internal Auditor (CIA)
C) Certified Management Accountant (CMA)
D) Certified Investment Management Analyst (CIMA)
Answer: A) Chartered Financial Consultant® (ChFC®)
Explanation: The ChFC® designation is an eligible credential for the AEP designation. The CIA,
CMA, and CIMA are not listed as qualifying credentials for the AEP.
9. Is the Master of Science in Taxation (MST) a qualifying credential for the Accredited Estate
Planner (AEP) designation?
A) Yes
B) No, because it is too specialized
C) Yes, but only if paired with a CFP® designation
D) No, unless the individual has an active CPA license
Answer: A) Yes
Explanation: The Master of Science in Taxation (MST) is a recognized and eligible credential for
candidates seeking the AEP designation.
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, [AEP] Accredited Estate Planner
10. Which of the following credentials is NOT acceptable for AEP eligibility?
A) Chartered Advisor in Philanthropy® (CAP®)
B) Chartered Life Underwriter® (CLU®)
C) Licensed Marriage and Family Therapist (LMFT)
D) Certified Trust & Fiduciary Advisor (CTFA)
Answer: C) Licensed Marriage and Family Therapist (LMFT)
Explanation: The LMFT is not on the list of eligible credentials for the AEP designation. Only the
specific financial, tax, and legal credentials listed are acceptable.
11. Can a Certified Specialist in Planned Giving (CSPG) qualify for the Accredited Estate
Planner (AEP) designation?
A) Yes
B) No, because the CSPG is focused on charitable giving only
C) Yes, but only if they also hold a CPA license
D) No, it is not an eligible credential for AEP
Answer: A) Yes
Explanation: The CSPG is an eligible credential for individuals to apply for the AEP designation,
especially as it relates to charitable estate planning.
12. To pursue the Accredited Estate Planner (AEP) designation, how many years of estate
planning experience are required for candidates who hold an eligible professional credential?
A) 3 years
B) 5 years
C) 2 years
D) No minimum experience is required
Answer: B) 5 years
Explanation: Candidates are required to have a minimum of five years of estate planning
experience to be eligible for the AEP designation, in addition to holding one of the qualifying
credentials.
13. Which credential would make someone eligible for the Accredited Estate Planner (AEP)
designation if they have an active license?
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1. Which of the following is NOT a qualifying professional credential for an individual to be
eligible for the Accredited Estate Planner (AEP) designation?
A) Certified Public Accountant (CPA)
B) Master of Science in Financial Services (MSFS)
C) Registered Nurse (RN)
D) Certified Financial Planner (CFP®)
Answer: C) Registered Nurse (RN)
Explanation: To be eligible for the AEP designation, candidates must hold specific professional
credentials such as JD, CPA, CFP®, or MSFS. A Registered Nurse (RN) is not on the list of eligible
credentials.
2. What is required for an attorney to qualify for the Accredited Estate Planner (AEP)
designation?
A) Active license to practice law
B) A law degree from an accredited university
C) Experience in estate planning
D) A minimum of five years of law practiceP
Answer: A) Active license to practice law
Explanation: An attorney must have an active license to practice law in order to be eligible for
the AEP designation. A law degree alone is not sufficient.
3. Which of the following credentials would allow someone to apply for the Accredited Estate
Planner (AEP) designation?
A) Chartered Financial Consultant® (ChFC®)
B) Associate Financial Planner (AFP)
C) Business Analyst (BA)
D) Real Estate Broker (REB)
Answer: A) Chartered Financial Consultant® (ChFC®)
Explanation: The ChFC® is one of the eligible credentials for the AEP designation. Other
credentials like AFP or BA are not part of the list of qualifying credentials.
1
, [AEP] Accredited Estate Planner
4. Which designation is specifically intended for professionals focusing on high-net-worth
clients and their estate planning needs?
A) Certified Private Wealth Advisor® (CPWA®)
B) Certified Trust & Fiduciary Advisor (CTFA)
C) Chartered Life Underwriter® (CLU®)
D) Certified Specialist in Planned Giving (CSPG)
Answer: A) Certified Private Wealth Advisor® (CPWA®)
Explanation: The CPWA® is a professional designation focused on high-net-worth clients,
making it relevant for those pursuing the AEP designation, which is aimed at estate planning for
such clients.
5. Which of the following is required in addition to holding an eligible professional credential
to qualify for the AEP designation?
A) Passing a written exam
B) A minimum of five years of estate planning experience
C) A recommendation letter from a supervisor
D) A financial statement
Answer: B) A minimum of five years of estate planning experience
Explanation: In addition to holding a qualifying credential, candidates must demonstrate a
minimum of five years of estate planning experience to be eligible for the AEP designation.
6. Can a Chartered Financial Analyst (CFA) be eligible for the Accredited Estate Planner (AEP)
designation?
A) Yes, if they have sufficient estate planning experience
B) No, because it is not related to estate planning
C) Yes, but only with additional credentials in law
D) No, they are required to have a CPA license
Answer: A) Yes, if they have sufficient estate planning experience
Explanation: A CFA is an eligible credential for the AEP designation if the individual has the
necessary estate planning experience.
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, [AEP] Accredited Estate Planner
7. What type of experience is necessary for a candidate with the Certified Financial Planner
(CFP®) designation to be eligible for the AEP?
A) Three years of financial advising experience
B) No specific experience required
C) Five years of estate planning experience
D) Two years of legal experience
Answer: C) Five years of estate planning experience
Explanation: In addition to holding the CFP® credential, candidates must have a minimum of
five years of estate planning experience to qualify for the AEP designation.
8. Which of the following professional credentials qualifies an individual to pursue the
Accredited Estate Planner (AEP) designation?
A) Chartered Financial Consultant® (ChFC®)
B) Certified Internal Auditor (CIA)
C) Certified Management Accountant (CMA)
D) Certified Investment Management Analyst (CIMA)
Answer: A) Chartered Financial Consultant® (ChFC®)
Explanation: The ChFC® designation is an eligible credential for the AEP designation. The CIA,
CMA, and CIMA are not listed as qualifying credentials for the AEP.
9. Is the Master of Science in Taxation (MST) a qualifying credential for the Accredited Estate
Planner (AEP) designation?
A) Yes
B) No, because it is too specialized
C) Yes, but only if paired with a CFP® designation
D) No, unless the individual has an active CPA license
Answer: A) Yes
Explanation: The Master of Science in Taxation (MST) is a recognized and eligible credential for
candidates seeking the AEP designation.
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, [AEP] Accredited Estate Planner
10. Which of the following credentials is NOT acceptable for AEP eligibility?
A) Chartered Advisor in Philanthropy® (CAP®)
B) Chartered Life Underwriter® (CLU®)
C) Licensed Marriage and Family Therapist (LMFT)
D) Certified Trust & Fiduciary Advisor (CTFA)
Answer: C) Licensed Marriage and Family Therapist (LMFT)
Explanation: The LMFT is not on the list of eligible credentials for the AEP designation. Only the
specific financial, tax, and legal credentials listed are acceptable.
11. Can a Certified Specialist in Planned Giving (CSPG) qualify for the Accredited Estate
Planner (AEP) designation?
A) Yes
B) No, because the CSPG is focused on charitable giving only
C) Yes, but only if they also hold a CPA license
D) No, it is not an eligible credential for AEP
Answer: A) Yes
Explanation: The CSPG is an eligible credential for individuals to apply for the AEP designation,
especially as it relates to charitable estate planning.
12. To pursue the Accredited Estate Planner (AEP) designation, how many years of estate
planning experience are required for candidates who hold an eligible professional credential?
A) 3 years
B) 5 years
C) 2 years
D) No minimum experience is required
Answer: B) 5 years
Explanation: Candidates are required to have a minimum of five years of estate planning
experience to be eligible for the AEP designation, in addition to holding one of the qualifying
credentials.
13. Which credential would make someone eligible for the Accredited Estate Planner (AEP)
designation if they have an active license?
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