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100+ Free RFP Module 5 Practice Questions

Pass your MFPC RFP Module 5 - Estate Planning (Malaysia) exam on the first try — instant access, no signup required.

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Key Facts: RFP Module 5 Exam

75 Q

Exam Questions

MFPC Syllabus

150 Min

Exam Duration

MFPC Syllabus

60%

Passing Score

MFPC Syllabus

~RM 300

Exam Fee

MFPC Registration

RFP Module 5 is a 75 MCQ, 150-minute exam focusing on estate planning laws and Shariah inheritance in Malaysia.

Sample RFP Module 5 Practice Questions

Try these sample questions to test your RFP Module 5 exam readiness. Each question includes a detailed explanation. Start the interactive quiz above for the full 100+ question experience with AI tutoring.

1What is the primary objective of estate planning within the Malaysian financial planning framework?
A.To ensure the estate is distributed according to the owner's wishes in the most tax-efficient and timely manner
B.To minimize income tax liabilities during the individual's retirement phase
C.To maximize the investment returns of the individual's capital assets prior to retirement
D.To avoid the payment of creditors' debts after the death of the asset owner
Explanation: The core objective of estate planning is to ensure that assets are distributed to chosen beneficiaries in a timely, smooth, and cost-effective manner. It also aims to preserve wealth and minimize administrative delays.
2Which Malaysian statute governs the distribution of intestate estates for non-Muslims in Peninsular Malaysia?
A.Distribution Act 1958
B.Wills Act 1959
C.Probate and Administration Act 1959
D.Civil Law Act 1956
Explanation: The Distribution Act 1958 regulates the distribution of estates of non-Muslims who die without a will in Peninsular Malaysia and Sarawak. It defines fixed portions for spouses, parents, and children.
3Which of the following is considered 'immovable property' in the context of Malaysian estate administration?
A.A double-story terrace house in Petaling Jaya
B.Unit trust investments in a local equity fund
C.A fixed deposit account with a commercial bank
D.Shares in a public listed company on Bursa Malaysia
Explanation: Immovable property refers to land and any permanent fixtures attached to it, such as houses, apartments, and buildings. Other options represent movable property.
4Under the Distribution Act 1958, who among the following is included in the definition of 'issue'?
A.Legitimate children and legally adopted children
B.Step-children and foster children
C.Siblings of the deceased
D.Illegitimate children who were not legally adopted
Explanation: Under the Distribution Act 1958, the term 'issue' includes children who are born legitimate or legally adopted under the Adoption Act 1952. It does not cover step-children, foster children, or unadopted illegitimate children.
5What is the legal document issued by the High Court of Malaya confirming the appointment of the executor named in a will?
A.Grant of Probate
B.Letters of Administration
C.Distribution Order
D.Statutory Declaration
Explanation: A Grant of Probate is the official court document that validates a will and authorizes the named executor to administer the estate of the deceased. Letters of Administration are for intestate estates.
6What is the primary role of Amanah Raya Berhad in the context of estate planning in Malaysia?
A.To act as a public trustee, executor, and administrator of estates
B.To serve as the regulatory body for all private trust companies
C.To register and store all civil wills drafted in Malaysia
D.To adjudicate disputes in the Syariah and Civil courts
Explanation: Amanah Raya Berhad is Malaysia's premier public trustee corporation, providing estate administration, executorship, and trustee services. It is owned by the Government of Malaysia.
7Which authority is responsible for administering the distribution of small estates under the Small Estates (Distribution) Act 1955?
A.Land Administrator of the district land office
B.Registrar of the Civil High Court
C.Director of Amanah Raya Berhad
D.Controller of Income Tax at LHDN
Explanation: Under the Small Estates (Distribution) Act 1955, small estates are administered by the Land Administrator (Estate Distribution Section) of the Department of the Director General of Lands and Mines.
8If a non-Muslim person dies intestate in Malaysia leaving only parents but no spouse and no issue, who inherits the estate?
A.The surviving parents take the estate in equal shares
B.The estate is divided equally between the parents and the siblings
C.The estate is fully forfeited to the Malaysian Government
D.The estate is held in trust by Amanah Raya Berhad until children are born
Explanation: Under the Distribution Act 1958, if the deceased leaves no spouse and no issue, the surviving parents are entitled to 100% of the estate. If both parents survive, they share it equally.
9What is the primary difference between a Grant of Probate and Letters of Administration in Malaysia?
A.A Grant of Probate is issued when the deceased left a valid will, whereas Letters of Administration are issued for intestate estates
B.A Grant of Probate is issued by the High Court, whereas Letters of Administration are issued only by District Land Offices
C.A Grant of Probate is restricted to movable assets, whereas Letters of Administration apply only to immovable property
D.A Grant of Probate is valid for ten years, whereas Letters of Administration expire after three years
Explanation: A Grant of Probate is applied for by the named executor when the deceased left a valid will. Letters of Administration are applied for by an administrator when the deceased died intestate or when no executor is acting.
10Which of the following is a correct procedural requirement for obtaining Letters of Administration in Malaysia?
A.The administrator must typically provide two sureties to guarantee the proper administration of the estate
B.The administrator must publish a notice of death in three local daily newspapers for thirty days
C.The administrator must obtain the consent of all creditors before applying to the court
D.The administrator must pay all outstanding estate duties before the court grants administration
Explanation: Under Section 35 of the Probate and Administration Act 1959, an administrator of an intestate estate is generally required to provide two sureties who have assets equal to the gross value of the estate, unless exempted by the court.

About the RFP Module 5 Exam

The MFPC RFP Module 5 - Estate Planning certification exam is designed for financial planning professionals in Malaysia. It covers the legal framework of estate administration, drafting wills, trust creation, Shariah estate planning, and powers of attorney.

Assessment

75 MCQs: Environment & Probate (25%), Wills (25%), Trusts (20%), Shariah Planning (20%), Power of Attorney (10%).

Time Limit

2 hours 30 minutes

Passing Score

60%

Exam Fee

~RM 300 (Malaysian Financial Planning Council (MFPC))

RFP Module 5 Exam Content Outline

25%

Estate Planning Environment, Probate, and Laws in Malaysia

Foundations of estate planning, civil administration process, intestacy rules under the Distribution Act 1958, and family provision.

25%

Wills & Testaments: Drafting, Execution, and Executioners

Wills Act 1959 provisions, formal requirements for valid wills, role and powers of executors, and revocation of wills.

20%

Trusts: Types, Uses, and Tax Implications

Trustee Act 1949, creation of private and corporate trusts, discretionary trust structures, insurance trusts, and taxation of trust estates.

20%

Shariah Estate Planning: Faraid, Wasiyyah, Hibah

Islamic inheritance law principles, Faraid share allocations, Shariah wills (Wasiyyah), lifetime gifting (Hibah), and marital property (Harta Sepencarian).

10%

Power of Attorney & Medical Directives

Power of Attorney Act 1949, creation and registration of powers of attorney, effect of mental incapacity, and living wills.

How to Pass the RFP Module 5 Exam

What You Need to Know

  • Passing score: 60%
  • Assessment: 75 MCQs: Environment & Probate (25%), Wills (25%), Trusts (20%), Shariah Planning (20%), Power of Attorney (10%).
  • Time limit: 2 hours 30 minutes
  • Exam fee: ~RM 300

Keys to Passing

  • Complete 500+ practice questions
  • Score 80%+ consistently before scheduling
  • Focus on highest-weighted sections
  • Use our AI tutor for tough concepts

RFP Module 5 Study Tips from Top Performers

1Memorize the distribution portions under the Distribution Act 1958 for various family combinations.
2Understand the Faraid shares for primary heirs such as spouses, parents, sons, and daughters under Shariah law.
3Study the execution requirements under the Wills Act 1959, including witness qualifications and signing rules.
4Distinguish between revocable and irrevocable trusts and their respective income tax implications in Malaysia.
5Differentiate between standard Powers of Attorney and the limited provisions for irrevocable powers of attorney.
6Practice financial calculations related to asset distribution under both the civil and Shariah systems.

Frequently Asked Questions

What is the focus of RFP Module 5?

It covers both civil and Shariah estate planning frameworks in Malaysia, including wills, trusts, and estate administration.

What are the rules of intestacy for non-Muslims in Malaysia?

Intestacy is governed by the Distribution Act 1958, where assets are divided among the spouse, parents, and issue in fixed portions.

How does a Muslim will (Wasiyyah) differ from a non-Muslim will?

A Wasiyyah is limited to one-third of the estate and cannot be made in favor of Faraid heirs unless other heirs consent.

Is power of attorney revoked upon mental incapacity in Malaysia?

Yes, under the Power of Attorney Act 1949, a standard power of attorney is generally revoked by the donor's mental incapacity.

What is the passing score for RFP Module 5?

The passing mark is 60% for the exam, which consists of 75 multiple-choice questions.