CTE — Certificate in Trust & Estate Planning Children Practice Questions
The free CTE — Certificate in Trust & Estate Planning questions that deal with children, with answers and explanations. The full bank and the timed practice test cover every topic the exam asks about.
Question #5
5. A couple wants to leave their assets to their children but is concerned about their children's spending habits. Which option best suits them?
Correct answer: D
Explanation
A Spendthrift Trust can protect the assets from being squandered by the children.
Question #7
7. Daniel wants to create a trust that provides income to his spouse for their lifetime, with the remainder going to their children. What type of trust is this?
Correct answer: A
Explanation
A QTIP Trust allows for income to be paid to the spouse during their lifetime with the remainder passing to the children.
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