American College HS330 dumps - in .pdf

HS330 pdf
  • Exam Code: HS330
  • Exam Name: Fundamentals of Estate Planning test
  • Updated: Sep 06, 2026
  • Q & A: 400 Questions and Answers
  • PDF Price: $49.99
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  • Exam Code: HS330
  • Exam Name: Fundamentals of Estate Planning test
  • Updated: Sep 06, 2026
  • Q & A: 400 Questions and Answers
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American College HS330 dumps - Testing Engine

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  • Exam Code: HS330
  • Exam Name: Fundamentals of Estate Planning test
  • Updated: Sep 06, 2026
  • Q & A: 400 Questions and Answers
  • Software Price: $49.99
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American College HS330 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Trusts & Fiduciary Arrangements20%- Revocable and irrevocable trusts
- Generation-skipping transfer tax (GSTT)
- Specialized trust structures
- Trust income taxation
Topic 2: Federal Estate Tax System25%- Marital and charitable deductions
- Credits and tax computation
- State death taxes and basis adjustments
- Gross estate inclusion rules
Topic 3: Federal Gift Tax System20%- Exclusions, exemptions, and valuation rules
- Gift tax calculation and strategies
- Taxable gifts and filing requirements
Topic 4: Advanced Planning Strategies15%- Planning for incapacity and special needs
- Business succession planning & buy-sell agreements
- Life insurance in estate planning
- Charitable giving techniques
Topic 5: Estate Planning Process & Legal Foundations20%- Probate process and non-probate transfers
- Property ownership forms and titling
- Objectives and ethical considerations
- Wills, powers of attorney, and advance directives

American College Fundamentals of Estate Planning test Sample Questions:

Question #1

A father and son have been farming land owned by the father for the past 12 years. Just prior to his death, the father was offered $900,000 for his farm because of its possible use as a shopping center. The son would like to continue to farm the land if it can be included in his father's estate at its current use value. Additional facts are:
1.Average annual gross rentals from nearby farms of similar acreage are $36,000.
2.Average annual state and local real estate taxes on the farm are $4,000.
3.The interest rate for loans from the Federal Land Bank is 8 percent.
For federal estate tax purposes, the farm method valuation formula would result in a current use value for the farm of

  • A. $400,000
  • B. $600,000
  • C. $500,000
  • D. $300,000
Answer: A
Question #2

Which of the following statements concerning ownership of property held in trust is (are) correct?
1.The legal owner of property held in trust is a trustee.
2.The equitable owner of property held in trust is a beneficiary.

  • A. Both 1 and 2
  • B. Neither 1 nor 2
  • C. 2 only
  • D. 1 only
Answer: A
Question #3

All the following statements concerning an estate for a term of years are correct EXCEPT:

  • A. The tenant may transfer the property at the end of the term of his interest.
  • B. The tenant has the right to possess the property during the term of his interest.
  • C. An interest may extend beyond the lifetime of the grantor.
  • D. It is an interest in property established for a specific duration.
Answer: A
Question #4

A widower dies leaving a net probate estate of $300,000. At the time of his death, his descendants are as follows:
*A son, Joe, who has no children;
*A deceased daughter, Mary, whose two children, Irene and Sally, survive; and
*A daughter, Anne, who has one child, Harry
Assuming that the widower's will provides for the distribution of his assets in equal shares to his children, per stirpes, which of the following correctly states the amounts each descendant will receive?

  • A. $60,000 to Joe, $60,000 to Irene, $60,000 to Sally, $60,000 to Anne, and $60,000 to Harry
  • B. $100,000 to Joe, $50,000 to Irene, $50,000 to Sally, and $100,000 to Anne
  • C. $100,000 to Joe, $50,000 to Irene, $50,000 to Sally, $50,000 to Anne, and $50,000 to Harry
  • D. $75,000 to Joe, $75,000 to Irene, $75,000 to Sally, and $75,000 to Anne
Answer: B
Question #5

All the following statements concerning qualification of property for the federal estate tax marital deduction are correct EXCEPT:

  • A. The surviving spouse must receive the property as the beneficial owner rather than as a trustee for someone else.
  • B. The property interest passing to the surviving spouse must be includible in the decedent's gross estate.
  • C. The property interest must be includible in the surviving spouse's estate at death unless consumed or given away.
  • D. The property received by a surviving spouse after a successful will contest fails to qualify.
Answer: D

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