Ctfa 2024 Study guides, Class notes & Summaries

This is a test - Answer-Test Nyu student - Answer-Steven Rules governing the actions of a trustee are determined by: - Answer-Governing Trust instrument State Trust Law Federal laws such as federal tax & environmental laws Legal title to trust property is vested in: - Answer-Trustee Equitable title to trust property is held by: - Answer-Beneficiaries Can settlor create trust by oral expression of intent? - Answer-Yes When a settlor creates a trust declaring herself or himself as a truste...

CTFA - Practice Exam #1 Questions & Answers 2024 "Constructive Receipt" is normally applicable to the tax treatment of... - ANSWER-Non-Qualified Deferred Compensation Plans Non-Qualified Deferred Compensation - ANSWER-TCHRA: Compensation that is not immediately taxable. It does not qualify under ERISA for tax exemption. Taxation occurs once the individual receives the compensation or "property" A 1035 exchange refers to a tax free exchange of... - ANSWER-Annuities 1035 Exchange...

CTFA - Financial Planning Exam Questions & Answers 2024 Asset Allocation should conform to an individual's _____________ - ANSWER-risk tolerance A springing durable power of attorney is effective only on a _____________________ - ANSWER-conditional event What is the minimum age for receiving Social Security benefits? - ANSWER-62 Assume Greg inherits stock from his father that he purchased at $50 per share and it appreciated to $75 per share by the date of his father's death. At t...

CTFA Practice Exam #1 2024 Questions with 100% Correct Answers | Verified | Latest Update

CTFA Level 1 Exam Questions & Answers 2024 Tangible Personal Property - ANSWER-personal property that can be moved (ex. gold bar, jewelry) Probate Estate - ANSWER-the property of a decedent that is subject to administration by the executor or administrator of an estate Under joint tenants with rights of survivorship, when one tenant dies which of the following best describes the result? - ANSWER-Her share passes to the surviving joint tenant regardless of what her will says In cutt...

CTFA STUDY EXAM QUESTIONS & ANSWERS 2024 What is a J curve - ANSWER-The return pattern of private equity funds. The cumulative return is negative in the early life of a bond before turning positive. This is because in the early life of a private equity fund there are expenses incurred in the search for attractive investments but there are not any investments to generate returns. True or false? Private equity investing is an excellent source of liquidity. - ANSWER-False. Since private equ...

CTFA Exam Questions & Answers 2024 Test - ANSWER-This is a test Steven - ANSWER-Nyu student Governing Trust instrument State Trust Law Federal laws such as federal tax & environmental laws - ANSWER-Rules governing the actions of a trustee are determined by: Trustee - ANSWER-Legal title to trust property is vested in: Beneficiaries - ANSWER-Equitable title to trust property is held by: Yes - ANSWER-Can settlor create trust by oral expression of intent? Express Trust - ANS...

CTFA Exam With Real Solutions 2024 Tangible Personal Property - correct nal property that can be moved (ex. gold bar, jewelry) Probate Estate - correct property of a decedent that is subject to administration by the executor or administrator of an estate Under joint tenants with rights of survivorship, when one tenant dies which of the following best describes the result? - correct answer.Her share passes to the surviving joint tenant regardless of what her will says ...