Free American College HS330 Exam Actual Questions

The questions for HS330 were last updated On Mar 27, 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Other certification materials providers often include outdated or removed questions by American College in their American College HS330 exam. These outdated questions lead to customers failing their American College Fundamentals of Estate Planning test exam.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

The Decedent, T, died this year. The facts concerning T estate are:

Gross estate $2,700,000

Marital deduction 900,000

Charitable deduction 110,000

Gifts made after 1976 130,000

State death taxes payable 165,000

What is T taxable estate?

Show Answer Hide Answer
Correct Answer: C

Question No. 2

A single man with substantial assets and income is supporting his 80-year-old partially senile mother with monthly cash gifts. He is trying to find a practical way to support his mother while at the same time saving federal gift and income taxes without giving up ultimate control of any assets. Which of the following courses of action will best accomplish these objectives?

Show Answer Hide Answer
Correct Answer: B

Question No. 3

Which of the following statements concerning estates and trusts is (are) correct?

l. Both estates and trusts come into being by operation of law.

II. The personal representative of an estate and the trustee have similar fiduciary responsibilities.

Show Answer Hide Answer
Correct Answer: B

Question No. 4

To determine whether a taxable gift has been made, the IRS focuses on all the following factors EXCEPT:

Show Answer Hide Answer
Correct Answer: A

Question No. 5

All the following items will be included in a decedent's gross estate at their date of death value for federal estate tax purposes EXCEPT:

Show Answer Hide Answer
Correct Answer: C