AAFM Exam CTEP Topic 7 Question 44 Discussion

Actual exam question for AAFM's CTEP exam

Question #: 44
Topic #: 7

[All CTEP Questions]

Which of the following statement(s) about Living Trust is/are correct?

ABoth (i) and (ii)

BOnly (i)

COnly (ii)

DNeither (i) nor (ii)

Show Suggested Answer

Suggested Answer: B

by Jeffrey at Jun 30, 2024, 02:27 PM

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Alease

2 months ago

Wait, is a Living Trust anything like a Dead Trust? I'm confused, but at least I won't be when I'm, you know, not living anymore.

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Virgina

5 days ago

Don't worry, a Living Trust is for when you're alive. It's all about managing your assets during your lifetime.

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Kirby

7 days ago

A Living Trust can help avoid probate. It's a good way to plan for the future.

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Arminda

16 days ago

Living Trust is different from Dead Trust. It's about managing assets while you're alive.

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Judy

2 months ago

This question seems designed to trick people. I'm going to carefully read through the options and make sure I understand before answering.

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Earleen

20 days ago

Let's double check before submitting our answers

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Leatha

21 days ago

I agree, I also believe the correct answer is A) Both (i) and (ii)

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Glenn

28 days ago

I think the correct answer is A) Both (i) and (ii)

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Catarina

2 months ago

A Living Trust, huh? Sounds like something I should have set up years ago. Better late than never, I guess!

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Nilsa

2 months ago

It's never too late to set up a Living Trust. It can help protect your assets.

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Adell

2 months ago

But (i) and (ii) both make sense, they complement each other.

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Cherry

2 months ago

Hmm, I'm not sure. I better double-check the definitions of a Living Trust to be sure I get this right.

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Roxane

2 months ago

I disagree, I believe the correct statement is only (i).

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Emiko

2 months ago

The image clearly shows the correct answer is A) Both (i) and (ii). This seems straightforward enough.

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Velda

28 days ago

Yes, it seems straightforward enough.

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Argelia

1 months ago

Great, so we both think it's A) Both (i) and (ii).

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Chaya

2 months ago

I agree, the image clearly shows that.

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Veda

2 months ago

I think the correct answer is A) Both (i) and (ii).

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Adell

3 months ago

I think the correct statement about Living Trust is both (i) and (ii).

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