VIP Exclusive
CWS Certified Wealth Strategist VIP Practice Exam
CWS — The CWS® (Certified Wealth Strategist) designation is issued by Cannon Financial Institute and is designed for financial professionals serving high-net-worth clients; the credential exam covers wealth management, estate planning, tax strategies, investment management, risk management, retirement planning, and business succession planning.
30
Questions
120m
Time Limit
75.00%
To Pass
Question 1 of 30👑 VIP
A 58-year-old business owner with a $12 million net worth approaches you for a comprehensive wealth plan. During discovery, you learn she owns 80% of a privately held manufacturing firm (estimated value $8 million), holds $2 million in a rollover IRA, and has a $2 million brokerage account. Her primary concern is transferring the business to her two adult children while minimizing estate and gift taxes. Which planning vehicle would MOST effectively allow her to transfer the business interest at a discounted value while retaining some income during the transition?
Questions 2–30 and full explanations are VIP-exclusive.