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American College Fundamentals of Estate Planning test : HS330 valid dump torrent
- Exam Code: HS330
- Exam Name: Fundamentals of Estate Planning test
- Updated: Sep 13, 2026
- Q&As: 400 Questions and Answers
About American College Fundamentals of Estate Planning test : HS330 Real Exam
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American College HS330 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Property Transfer and Liquidity Planning | - Non-probate transfers
|
| Introduction to Estate Planning | - Purpose and objectives of estate planning
|
| Wills and Probate | - Wills
|
| Estate and Gift Taxation | - Federal estate tax system
|
| Trusts | - Trust taxation and control
|
American College Fundamentals of Estate Planning test Sample Questions:
Question #1
Which of the following statements concerning the generation-skipping transfer tax (GSTT) is correct?
- A. Tuition payments made by a grandparent directly to a university for a grandchild's education are exempt from GSTT.
- B. The annual exclusion against GSTT shelters gifts by a grandparent to a trust benefitting multiple grandchildren.
- C. The GSTT rate applicable to a transfer depends upon the amount of the gift.
- D. The lifetime exemption shelters a maximum of $1 million of transfers to grandchildren from GSTT for the current year.
Answer: A
Question #2
Important factors in assessing liquidity needs in estate planning include which of the following?
1.The types of assets that comprise the estate
2.The date of drafting the will
- A. 1 only
- B. Neither 1 nor 2
- C. Both 1 and 2
- D. 2 only
Answer: A
Question #3
A man recently died with only probate assets. Under the terms of his will, he left his entire probate estate outright to his wife. The following are relevant facts concerning the estate:
*Gross estate $2,400,000
*Estate administration expenses 85,000
*Debts of decedent 100,000
*Allowable funeral expenses 10,000
The amount of the allowable marital deduction is
- A. $2,215,000
- B. $2,305,000
- C. $2,205,000
- D. $2,315,000
Answer: C
Question #4
Which of the following statements concerning the imposition of state death taxes on property owned by a decedent is (are) correct?
1.Real estate must be taxed in the state where the decedent was domiciled.
2.Intangible personal property is generally taxed in the state where the decedent was domiciled.
- A. 1 only
- B. Neither 1 nor 2
- C. Both 1 and 2
- D. 2 only
Answer: D
Question #5
Which of the following statements concerning the imposition of state death taxes on property owned by a decedent is (are) correct?
1.Real estate must be taxed in the state where the decedent was domiciled.
2.Intangible personal property is generally taxed in the state where the decedent was domiciled.
- A. 1 only
- B. Neither 1 nor 2
- C. Both 1 and 2
- D. 2 only
Answer: D
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