CEPA CERTIFIED EXIT PLANNING ADVISOR
EXAM | NEWEST ACTUAL EXAM COMPLETE
QUESTIONS AND VERIFIED ANSWERS
GRADED A+ | 100% PASS | 2025 UPDATE!
The components of integrated wealth management for individuals are:
- ✔✔✔ Correct Answer > Retirement planning, risk management,
estate planning, portfolio management
A gift received by a person is not taxable income - ✔✔✔ Correct
Answer > True
A strategy which makes assets difficult or impossible to reach is called:
- ✔✔✔ Correct Answer > Asset protection
What are the benefits for the business owner and family for integrating
charitable contributions? - ✔✔✔ Correct Answer > a. Wanting to
transfer values and purpose, not just assets
b. Creating inter-generational common ground to collaborate, make
joint decisions, gain confidence, develop/fulfill potential
, c. Developing an emotional and functional bridge between wealth,
purpose, and society
The main goal of minimizing wealth tax is to: - ✔✔✔ Correct Answer
> Maximize the client's portion of earnings and minimize the IRS's
portion
A business owner only needs one advisor to complete their exit
planning (T/F) - ✔✔✔ Correct Answer > False
Typical estate planning conversations discuss how to preserve a
decedent spouse's "coupon." (T/F) - ✔✔✔ Correct Answer > True
A _____ gift is one in which the person who received the gift has the
unrestricted right to the immediate possession and use of it. - ✔✔✔
Correct Answer > Present Interest Gift
All states have an estate tax (T/F) - ✔✔✔ Correct Answer > False
Not all states have an estate tax (T/F) - ✔✔✔ Correct Answer > True
A descendant's unused federal estate tax exemption may be used by
the surviving spouse (T/F) - ✔✔✔ Correct Answer > True
EXAM | NEWEST ACTUAL EXAM COMPLETE
QUESTIONS AND VERIFIED ANSWERS
GRADED A+ | 100% PASS | 2025 UPDATE!
The components of integrated wealth management for individuals are:
- ✔✔✔ Correct Answer > Retirement planning, risk management,
estate planning, portfolio management
A gift received by a person is not taxable income - ✔✔✔ Correct
Answer > True
A strategy which makes assets difficult or impossible to reach is called:
- ✔✔✔ Correct Answer > Asset protection
What are the benefits for the business owner and family for integrating
charitable contributions? - ✔✔✔ Correct Answer > a. Wanting to
transfer values and purpose, not just assets
b. Creating inter-generational common ground to collaborate, make
joint decisions, gain confidence, develop/fulfill potential
, c. Developing an emotional and functional bridge between wealth,
purpose, and society
The main goal of minimizing wealth tax is to: - ✔✔✔ Correct Answer
> Maximize the client's portion of earnings and minimize the IRS's
portion
A business owner only needs one advisor to complete their exit
planning (T/F) - ✔✔✔ Correct Answer > False
Typical estate planning conversations discuss how to preserve a
decedent spouse's "coupon." (T/F) - ✔✔✔ Correct Answer > True
A _____ gift is one in which the person who received the gift has the
unrestricted right to the immediate possession and use of it. - ✔✔✔
Correct Answer > Present Interest Gift
All states have an estate tax (T/F) - ✔✔✔ Correct Answer > False
Not all states have an estate tax (T/F) - ✔✔✔ Correct Answer > True
A descendant's unused federal estate tax exemption may be used by
the surviving spouse (T/F) - ✔✔✔ Correct Answer > True
