The AAFM CTEP (Chartered Trust & Estate Planner) Certification Examination is designed for professionals who want to specialize in the trust and estate planning field. The CTEP certification exam is administered by the American Academy of Financial Management (AAFM), which is a globally recognized professional organization for financial management and wealth management professionals. The exam assesses a candidate's knowledge and skills in trust and estate planning, and passing it demonstrates the candidate's competence in this field.
Exam Objectives:
The AAFM CTEP exam covers a range of topics related to trust and estate planning, including:
- Introduction to Trust and Estate Planning
- Wills and Trusts
- Trust and Estate Administration
- Charitable Giving
- Taxation in Trust and Estate Planning
- Retirement Planning
- Special Needs Planning
- Family Business Planning
The exam objectives aim to evaluate a candidate's understanding of these topics, their ability to apply their knowledge to real-world scenarios, and their proficiency in advising clients on trust and estate planning matters.
Exam Details:
The AAFM CTEP exam is a computer-based exam that is administered online. The exam consists of 100 multiple-choice questions that must be completed within three hours. The passing score for the exam is 70%.
The cost of the exam is $495 for AAFM members and $595 for non-members.
Who Should Take the Exam?
The AAFM CTEP certification exam is designed for professionals who specialize in trust and estate planning, including financial advisors, attorneys, accountants, and other wealth management professionals. The exam is particularly useful for those who work with high net worth clients and want to enhance their expertise in this area.
Prerequisites and Qualifications:
There are no formal prerequisites or qualifications for taking the AAFM CTEP certification exam. However, candidates are expected to have a strong understanding of trust and estate planning concepts and practices.
Related Books:
There are several books that can help candidates prepare for the AAFM CTEP certification exam, including:
- The Complete Guide to Trust and Estate Management: What You Need to Know About Being a Trustee or Executor by Richard B. Freeman
- The Trustee's Legal Companion: A Step-by-Step Guide to Administering a Living Trust by Liza Hanks
- The Advisor's Guide to Estate Planning by John J. Scroggin
- The Complete Book of Wills, Estates & Trusts by Alexander A. Bove Jr.
- Retirement, Estate & Investment Planning by Michael A. Dalton and Thomas P. Langdon
These books cover a range of topics related to trust and estate planning and can provide candidates with a comprehensive understanding of the subject matter covered in the CTEP exam.
In conclusion, passing the AAFM CTEP certification exam requires a strong understanding of trust and estate planning concepts and practices. Candidates should prepare by studying the exam objectives and using relevant study materials such as books, and taking practice tests. With dedication and preparation, candidates can successfully pass the CTEP exam and demonstrate their expertise in this field.