1
Q
Which of the following is not a type of trust?
A. Revocable trust
B. Irrevocable trust
C. Testamentary trust
D. Personal trust
A
D. Personal trust
G.59 Types, features, and taxation of trusts
CFP®
flashcards
Decks in class (71)
# Cards
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A.1 CFP Board’s Code of Ethics and Standards of Conduct30
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A.2 CFP Board’s Procedural Rules23
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A.3 Function, Purpose, and General Structure of Financial Institutions20
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A.4 Financial Services Regulations and Requirements20
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A.5 Consumer Protection Laws20
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A.6 Fiduciary standard and application20
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B.7 Financial Planning Process15
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B.8 Financial Statements19
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B.9 Cash flow management22
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B.10 Financing strategies and debt management21
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B.11 Economic concepts21
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B.12 Time value of money concepts and calculations20
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B.13 Education needs analysis18
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B.14 Education savings vehicles19
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B.15 Education funding19
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B.16 Gift/income tax strategies20
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C.17 Principles of risk and insurance20
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C.18 Analysis and evaluation of risk exposures20
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C.19 Health insurance and health care cost management (individual and group)20
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C.20 Disability income insurance (individual and group)20
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C.21 Long-term insurance and long-term case planning (individual and group)20
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C.22 Qualified and Non-Qualified Annuities20
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C.23 Life insurance (individual and group)21
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C.24 Business owner insurance solutions20
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C.25 Insurance needs analysis20
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C.26 Insurance policy and company selection18
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D.27 Characteristics, uses and taxation of investment vehicles22
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D.28 Types of investment risk20
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D.29 Market cycles21
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D.30 Quantitative investment concepts and measures of investment returns20
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D.31 Asset allocation and portfolio diversification21
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D.32 Investment Planning: Bond and stock valuation concepts20
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D.33 Investment Planning: Portfolio development and analysis20
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D.34 Investment strategies28
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D.35 Alternative investments and liquidity risk21
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E.36 Fundamental and current tax law18
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E.37 Income tax fundamentals and calculations19
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E.38 Characteristics and income taxation of business entities12
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E.39 Income taxation of trusts and estates21
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E.40 Tax Reduction/Management Techniques34
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E.41 Tax consequences of property transactions22
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E.42 Tax implications of special circumstances10
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E.43 Charitable/philanthropic contributions and deductions13
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F.44 Retirement needs analysis6
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F.45 Social Security and Medicare planning17
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F.46 Eldercare and special needs planning14
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F.47 Types of retirement plans24
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F.48 Qualified plan rules and options19
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F.49 Non-qualified plan rules and options19
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F.50 Key factors affecting plan selection for businesses19
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F.51 Distribution rules and taxation19
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F.52 Retirement income and distribution strategies21
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F.53 Business succession planning20
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G.54 Property titling and beneficiary designations15
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G.55 Strategies to Transfer Property15
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G.56 Estate and incapacity planning documents9
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G.57 Gift, estate, and GST tax compliance and calculation8
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G.58 Sources for estate liquidity20
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G.59 Types, features, and taxation of trusts1
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G.60 Marital deduction15
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G.61 Intra-family and other business transfer techniques12
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G.62 Postmortem estate planning techniques20
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G.63 Planning for divorce, unmarried couples and other special circumstances20
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G.64 Planning for special needs and circumstances20
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H.65 Client and planner attitudes, values, biases24
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H.66 Behavioral finance22
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H.67 Sources of money conflict21
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H.68 Principles of counseling20
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H.69 General principles of effective communication32
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H.70 Crisis events with severe consequences20
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A. Professional Conduct & Regulations77
