Blog
Passing Property Via Will
Course: Estate PlanningLesson 1: Property Ownership Student Question: Hello- I’m a little confused about the example (below) discussing an heirloom of only sentimental value. Why would this be titled at all for a will, especially since an earlier lecture said items of no value would pass through will as the situation does not involve a…
Like-Kind Exchange
William found someone to buy his rental property in Maine. Which of the following properties that William would like to purchase as rental property would allow him to complete a like-kind exchange? A golf course rental property in Arizona that William identified 30 days after selling his Maine property. A beach rental house at the…
CFP Board Launches CFP® Certification Diversity Scholarship
CFP® Board Updates The CFP Board Center for Financial and Financial Alliance for Racial Equality (FARE) are launching a new scholarship for attaining CFP® Certification. This scholarship is aimed towards advancing the profession by growing the next generation of diverse CFP® Professionals. For students seeking to complete a certificate-level CFP Board registered program, up to…
Social Security Widower Benefits
Course: Insurance PlanningLesson 10: Social Security Student Question: Hi- When it comes to social security widower’s benefit’s, is the widow eligible to take his/her SS benefit early (age 62) and then switch over to the deceased spouse’s full benefit at 67? Or would the widow only be eligible for one of the two benefits? Thanks…
Life Insurance in the Gross Estate
Which of the following assets would be included in Martin’s gross estate? Life insurance on Martin’s life purchased one year before he died by the trustee of Martin’s irrevocable life insurance trust. Life insurance on Martin’s life purchased by Martin’s wife two years before he died. Life insurance on Martin’s life purchased three years before…
Absolute Investment Risk on the CFP Board Exam: Part I
Good to Know This blog is the first in a four-part series that includes: When to trust the “mean” return, Using standard deviation to forecast outcomes, Skewness-Do we want negative or positive skew in our portfolio? Kurtosis of a return distribution-Is more kurtosis a good thing? We will begin with the average or mean return.…
Interest Rate Risk in a Bond
Course: Investment PlanningLesson 10: Fixed Income Securities Analysis Student Question: Hi- I’m not clear why holders of long-term bonds are subject to interest rate risk. If a 20-year bond is purchased at par with a coupon rate of 6.25% ($62.50/year), it seems to me that the investor would still receive $62.50 a year regardless of interest rate…
Characteristics of a Will
Which of the following statements concerning a Will are correct? (1) A will can be altered, amended, or completely rewritten at any time before a person’s death. (2) A will cannot be rewritten but can be amended at any time by a codicil. (3) A will must be signed by the maker and usually must…
CELEBRATING BLACK HISTORY MONTH
CFP® Certificants in the News CFP BOARD encourages CFP® certificants and candidates to attend a Feb. 24 televised event featuring CFP Board Chair Kamila Elliot, CFP®. Here’s the invitation-“Join CFP Board Chair Kamila Elliott, CFP® during CNBC’s special Financial Faces of Change LinkedIn Live event on February 24 at 1:00 p.m. (Eastern). To celebrate Black History during February,…