Estate Planning — Certified Financial Planner Practice Questions

40 free Certified Financial Planner questions on Estate Planning: 6 easy, 19 medium, and 15 hard, every one exam-realistic and fully explained once you sign in. This is the fastest way to turn Estate Planning from a weakness into a scoring area — drill it in 10-question reps with immediate feedback.

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1. What percentage of the conversion will be subject to ordinary income tax?
2. Which stage of the Transtheoretical Model best describes the Ainsleys?
3. What is their maximum Section 199A deduction?
4. For 2026, what is the maximum amount Ainsley can transfer directly to a public charity while satisfying her Re
5. What amount of gain is excluded from tax under Section 121?
6. What is the niece's recognized gain or loss for tax purposes?
7. What is his QBI deduction for 2026?
8. If they convert $20,000 to a Roth IRA in 2026, how much of that conversion is taxable?
9. If the stock returns 9% annually and the grantor survives the term, what passes to the remainder beneficiaries
10. According to the CFP Mindset decision hierarchy, what should the planner's next step be?
11. If Keene claims a spousal benefit instead, what is the maximum amount she can receive based on Lindstrom's rec
12. Fenwick owns a non-qualified deferred annuity with a current… — What is the tax result of this exchange under
13. If Okada dies and leaves his entire $20,000,000 estate to Solis, how much of the transfer qualifies for the un
14. According to the CFP Mindset hierarchy, what is the correct action?
15. The Ainsley ILIT is designed to ensure contributions qualify… — What is the technical term for this drafting d
16. What amount of the withdrawal right will 'hang' and remain exercisable by James at the end of the year?
17. If Chloe dies today, how much of the trust's value is included in her gross estate?
18. Chloe Ainsley is 12 years old. Her parents fund an ILIT with… — Does this lapse consume any of Chloe's15,000,0
19. The Ainsleys want to know if they can give James a Crummey p… — How much of this gift qualifies for the 2026 a
20. If Keene pays the university directly, what is the impact on his 2026 gift tax annual exclusion and lifetime b
21. The Keene family includes a daughter who is a key employee a… — Based on Section 79, how much of this coverage
22. Following the CFP Board's Financial Planning Practice Standards, which action should the planner take first?
23. Which statement is true regarding their 2026 IRA contributions?
24. After debts and administration expenses of 500,000 and a 500,000 bequest to a charity, what is the federal est
25. Which Rank of the Decision Hierarchy should the planner apply to determine the scope of the engagement?
26. According to the CFP Mindset hierarchy, what is your first action?
27. What is the maximum combined amount they can contribute to the plan today?
28. Which items are pulled back into the gross estate under the Section 2035 3-year lookback rule?
29. How many life insurance policies would be required for a cross-purchase agreement among these 5 partners?
30. If they convert 10,000 to a Roth IRA, what percentage of that conversion is taxable under the 'Pro-Rata' (Aggr