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American College Exam HS330 Topic 1 Question 108 Discussion

Actual exam question for American College's HS330 exam
Question #: 108
Topic #: 1
[All HS330 Questions]

A father died leaving his property equally to his wealthy son and his poor daughter. The son wishes to disclaim his share of the inheritance so that it will pass to his sister without his incurring any gift tax liability. In this situation, all the following acts on the part of the son are required EXCEPT:

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Suggested Answer: D

by Nobuko at Mar 07, 2025, 08:13 PM

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Isadora
10 days ago
This question is like a puzzle! I bet the answer is 'A', since the son's refusal to accept the inheritance doesn't need to specify that his sister is the recipient. That would be overkill.
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Sang
12 days ago
Okay, let me think this through. The son can't have received any part of the inheritance or income from it before refusing to accept it. That makes sense to avoid any potential tax implications.
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Nobuko
16 days ago
Haha, the son must be really eager to give his inheritance to his sister! I wonder if he's just tired of his dad's money or if there's some sibling rivalry going on.
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Brandon
24 days ago
Hmm, I'm not sure about this one. I need to double-check the tax laws and estate planning principles to make sure I have the right approach.
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Caprice
2 days ago
C: He must not have received any part of his inheritance before refusing.
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Lizette
3 days ago
B: It must be received by the executor within 9 months.
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Ruthann
18 days ago
A: The refusal must be in writing.
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Craig
2 months ago
Wow, this is a tricky one! I think the key here is understanding the requirements for the son to disclaim his inheritance without incurring gift tax liability. It's important to pay attention to the 'EXCEPT' part of the question.
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Ma
16 days ago
B: The refusal must direct specifically that his sister is to receive it instead.
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Lai
23 days ago
A: The refusal must be in writing.
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Jin
2 months ago
I agree. And he also needs to make sure his refusal is received by the executor within 9 months.
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Ronny
2 months ago
Yes, that's important to avoid any confusion later on.
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Lorrie
2 months ago
I think the son should definitely make sure his refusal is in writing.
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