Chartered Trust and Estate Planner (CTEP): What It Is and Requirements

Updated October 01, 2024

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Definition

A Chartered Trust and Estate Planner (CTEP) is a certification by the Global Academy of Finance and Management that signifies expertise in estate planning and trust management.

What Is a Cha🍎rtered Trust a꧑nd Estate Planner (CTEP)?

A Chartered Trust and Estate Planner (CTEP) is a professional accredit♋ation offered by the Global Academy of Finance and Management (GAFM).

Key Takeaways

The Global Academy of Finance and Management is the organization that issues the Chartered Trust and Estate Planner (CTEP) certification.
A CTEP is a financial professional who can assist you with estate planning.
The certification has a few prerequisites, and 15 hours of continuing education must be completed annually.

Understanding the Charte🌄red Trust and Estate Planner (C🍃TEP) Accreditation

Chartered Trust and Estate Planner (CTEP) is an accreditation granted by the GAFM, formerly the American Academy of Financial Management. This credential signifies successful completion of a curriculum and te꧃sting program or demonstration of an equivalent level of professional knowledge.

The curricuಌlum and testing process offered by GAFM evaluates the person’s competency via a course that provides an overview of the various types of trusts available and their appropriate uses. It also covers the phases and parties involved in the estate planning process. This certification is focused on professionals who serve clients with high net worth. The course also emphasizes the interpersonal and communication skills necessary to interact productively with wealthy families and individuals. In addition, the course covers the particular needs and issues involved with serving international clients.

Legal and financial topics covered in this course and certification evaluation also include tax planning, anti-avoidance rules, 澳洲幸运5官方开奖结果体彩网:controlled foreign corporations, and U.S. tax treaties.

Requirements

The GAFM has established det✅ailed criteria dict⛄ating who is eligible to earn this accreditation. The organization strictly enforces these requirements in order to preserve the distinction of this title. Those who have achieved the level of professional expertise needed to earn this credential are seen as among the most knowledgeable professionals specializing in this area of expertise.

Individuals who want to earn this credential must have at least three years of experience working with trusts and estates. They must also have a degree in finance, tax, accounting, or a related field earned from an accredited program that has been approved by the GAFM.

I🔯f the educational prerequisites are not met, candidates must complete a certain number of GAFM courses and successfully pass a comprehensive exam.

A minimum amount of continued education—15 hours annually—is also required for those who want to maintain their certification.

Candidates who want to apply for this designation must also complete an approved online executive certification training program.

How Do I Get a CTEP Certification?

There are two prerequisites for a CTEP certification: three years of relevant work experience, plus either a degree in a relevant subject from an accredited program and completion of an accredited training program or either an MBA, MS, PhD, JD, DBA, CPA, or accounting license or law license. You must also complete 15 hours of continuing education annually. The CTEP certification is issued by the Global Academy of Finance and Management.

What is the Difference Between a Will and a Trust and Estate Planning?

澳洲幸运5官方开奖结果体彩网:Estate planning is a series of steps you undertake to make sure your affairs are in order for when you die. A will is a legal document that you set up in order to give instructions to your loved ones about the time surrounding your death. It goes into effect when you die. A trust, in contrast, goes into effect as soon as it's signed. It's funded by your assets. A will means that your estate will go through the probate process, ℱwhereas a trust will allow your estate to bypass it. This means a will is public, whereas a trust is not.

What Does a CTEP Do?

A chartered trust and estate planner (CTEP) is a financial professional who holds a certification issued by the Global Academy of Finance and Management. A CTEP can help you draw up a will, a trust, or both. They can also aid in other estate planning tasks, such as making an inventory of your assets and choosing your 澳洲幸运5官方开奖结果体彩网:beneficiaries.

The Bottom Line

The Chartered Trust and Estate Planner (CTEP) certification is a good fit for a wide range⭕ of financial professionals serving upper-income clients, including wea♔lth managers, trust officers, hedge fund managers, brokerage and market analysts, and stock market professionals.

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