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Schweser Public CFP® Exam Blog
Welcome to the Schweser Public CFP® Exam Blog. The most recent articles are posted below. Click each Article's title (or "View the full article") to see candidate comments or to post your own feedback. You can also view the most recent comments. Previous articles are listed at the bottom of this page. Please view our Blog Guidelines for additional information:
The mission of this Blog is to help CFP® Certification candidates to understand and communicate about the CFP® Exam throughout the year.Most Recent Articles |  |
By Cindy R. Hart Riecke, CLU, ChFC, CFP® – Senior Director, Product Development
Probate is a subject often tested on the CFP(r) exam. It is the state-adopted method of transferring the ownership of assets from a decedent to heirs at death. This process is necessary when the decedent dies testate (with a valid will), but it may also be necessary when the decedent dies intestate (without a valid will). In that case, state law, also known as intestacy law, determines the disposition of a decedent’s assets. These intestacy laws vary from state to state and may not...
By Cindy R. Hart Riecke, CLU, ChFC, CFP® – Senior Director, Product Development
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By Cindy R. Hart Riecke, CLU, ChFC, CFP® – Senior Director, Product Development
Alimony is a topic commonly tested on the CFP(r) exam. There are several requirements for alimony payments to be considered tax-deductible: 1) the payee and payor cannot be members of the same household at the time the payments are made; 2) the payment must be made in cash (although if the payee spouse owns life insurance on the life of the payor, the premium payments made by the payor for that spouse will qualify as cash for this purpose); 3) a legal document cannot designate that the payments...
Archived Articles
| Article | Started | Replies | Last Comment |
|---|---|---|---|
| Quick Tip: Advantages and Disadvantages of Probate | 01/01/2013 3:30 pm | 0 | |
| Theory and Practice 7th Ed Textbook - Check Figures for Selected Questions | 08/27/2012 3:53 pm | 0 | |
| Quick Tip: Tax Deductibility of Alimony | 01/01/2013 4:40 pm | 0 | |
| Cases and Applications 7th Ed Textbook - Check Figures for Selected Questions | 04/15/2011 8:14 am | 0 |
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