Study aids similar as flashcards and reference attendants

The ABA offers a range of study aids that can help test takers prepare for the Certified Trust and Financial Advisor test. These include flashcards, which can help test takers study crucial terms and generalities, and reference attendants, which give a quick and easy reference for important information. The study aids are available for purchase on the ABA’s website and can be used in confluence with the other study accoutrements .

Overall, the ABA’s sanctioned study accoutrements for the CFTA test are comprehensive and designed to give test takers with the knowledge and chops necessary to succeed on the test and in their careers as trust and wealth operation professionals. Test takers can choose the accoutrements that work stylish for their literacy style and schedule to prepare for the test and achieve their instrument as a Certified Trust and Financial Advisor.

1.       Generation- Skipping Transfer duty – Exam Labs Dumps A duty on the transfer of means to a devisee who's two or further generations youngish than the transferor.

2.       Gift duty – A duty on the transfer of plutocrat or means to another person as a gift.

3.       Charitable Remainder Trust – A trust that allows the patron to admit income from the trust means for a specified period of time, with the remainder going to a charitable association.

4.       Charitable Lead Trust – A trust that provides income to a charitable association for a specified period of time, with the remainder going to the patron’s heirs.

5.       Irrevocable Life Insurance Trust – A trust that holds a life insurance policy, with the proceeds going to the trust heirs duty-free.

6.       Revocable Living Trust – A trust that can be amended or abandoned during the continuance of the trustor, and becomes irrevocable upon their death.

7.       Living Will – A legal document that specifies an existent’s wishes for medical treatment and end- of- life care.

8.       Power of Attorney – A legal document that gives an individual the authority to act on behalf of another person in fiscal or legal matters.

9.       Factor – The person named in an existent’s will who's responsible for managing their estate after their death.

10.   Trustee – The person or institution responsible for managing a trust’s means and distribution according to its terms and the law.

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