Free American College HS330 Exam Actual Questions

The questions for HS330 were last updated On Feb 20, 2025

At ValidExamDumps, we consistently monitor updates to the American College HS330 exam questions by American College. Whenever our team identifies changes in the exam questions,exam objectives, exam focus areas or in exam requirements, We immediately update our exam questions for both PDF and online practice exams. This commitment ensures our customers always have access to the most current and accurate questions. By preparing with these actual questions, our customers can successfully pass the American College Fundamentals of Estate Planning test exam on their first attempt without needing additional materials or study guides.

Other certification materials providers often include outdated or removed questions by American College in their American College HS330 exam. These outdated questions lead to customers failing their American College Fundamentals of Estate Planning test exam. In contrast, we ensure our questions bank includes only precise and up-to-date questions, guaranteeing their presence in your actual exam. Our main priority is your success in the American College HS330 exam, not profiting from selling obsolete exam questions in PDF or Online Practice Test.

 

Question No. 1

All the following trust provisions avoid causing the inclusion of an irrevocable life insurance trust in an insured's gross estate EXCEPT :

Show Answer Hide Answer
Correct Answer: A

Question No. 2

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

Show Answer Hide Answer
Correct Answer: C

Question No. 3

In addition to substantial probate assets, a married man with two minor children has a $1,000,000 ordinary life insurance policy payable to his estate. He wants to make certain that if he predeceases his wire the death proceeds will be available to provide income for his wire during her life time and to provide for their two children after her death. He would like the policy and/or its death proceeds to be as free or federal gift and estate taxes as possible with respect to both him and his wire. Which or the following courses or action would best accomplish these objectives?

Show Answer Hide Answer
Correct Answer: C

Question No. 4

A wife with substantial property in her own name would like to provide for her husband in the event of her prior death but does not want him to be able to leave her property to a second wife if he remarries. She would also like to take advantage of the marital deduction to save federal estate taxes. Her attorney has advised her that qualified terminable interest property (QTIP) will accomplish her objectives. To qualify such property for the marital deduction, all the following requirements must be met EXCEPT:

Show Answer Hide Answer
Correct Answer: D

Question No. 5

A woman is the income beneficiary of an irrevocable trust. All the following powers held by her will cause all the assets in the trust to be includible in her gross estate for federal estate tax purposes EXCEPT:

Show Answer Hide Answer
Correct Answer: C