Ctfa - Study guides, Class notes & Summaries

CTFA - EXAM #1 2024 WITH 100% ACCURATE SOLUTIONS

Q. When can a bank trustee sell or purchase assets from a trust where it serves in a fiduciary capacity? A. When the trustee desires to relieve itself from such liability with the approval of the board B. When the trust sells property to any non-officer of the bank, if the trust committee deems the price reasonable C. When the trust purchases stock or obligations of the bank, if the bank or its holding company is listed on a recognized stock exchange D. When the trust sells assets in one a...

CTFA - Practice Exam #1 Questions and Answers 100% Pass "Constructive Receipt" is normally applicable to the tax treatment of... Non-Qualified Deferred Compensation Plans Non-Qualified Deferred Compensation 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... Annuities 1035 Exchange IRS allows tax-...

Q. Which of the following types of trusts can use the Uniform Principal and Income Act power to adjust ? A. GRAT B. Trust under will C. Revocable trust D. Charitable lead trust - Answer-Solution : The correct answer is B. Q. Which of the following is a power of attorney for property that is effective upon execution and does NOT terminate upon the principal's incapacity? A. General B. Springing C. Durable D. Limited - Answer-Solution: The correct answer is C Q. A client borrows $ 100,...

Cannon CTFA Prep Questions and Answers Already Passed Jean and John Simmons are married and own their own home as tenants by entirety. When John dies the home is valued at $350,000. How much will be counted in his gross taxable estate? A. None, as it passes directly to his spouse, Jean. B. $175,000 - or one-half of the value C. $225,000 - or the full amount minus the $125,000 one-time exclusion for capital gains on a person residence. D. $350,000 - the full amount is includable. B....

CTFA - Fiduciary & Trust Activities Latest Update Graded A+ Constructive Trusts A fraud rectifying trust, imposed by a court to protect those who lose property to a wrongdoer Resulting Trust An intent enforcing trust based upon the presumed intent of a transferor of property Implied Trust An implied trust is an element of trust law, and refers to a trust that has not been "expressly created by the settlor."[1] There are two types of implied trust: Constructive Trusts and Resu...

"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 - Answer-IRS allows tax-free transfer of cash values bet...

"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 - Answer-IRS allows tax-free transfer of cash values bet...

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...

top-down approach - Answer-A method of analyzing securities that starts with the overall market and narrows down to the specific company Treynor measure - Answer-A measure of reward to nondiversifiable volatility (systematic rISK) Unemployment Rate - Answer-A measurement of the percentage of the U.S. labor force that currently is not working but is willing and able to work and is actively seeking employment Value Investing - Answer-Investing in stocks that are considered underpriced given t...