American College Exam HS330 Topic 1 Question 108 Discussion

Actual exam question for American College's HS330 exam

Question #: 108
Topic #: 1

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:

AHis refusal to accept the inheritance must direct specifically that his sister is to receive it instead.

BHis refusal to accept the inheritance must be in writing.

CHis refusal to accept the inheritance must be received by the executor of his father's estate within 9 months of his father's death.

DHe must not have received any part of his inheritance or any income from it prior to his refusal to accept it.

Show Suggested Answer

Suggested Answer: D

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

Limited Time Offer

25%

Off

Get Premium HS330 Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel

Isadora

2 months 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.

upvoted 0 times

Shawnta

17 days ago

C) His refusal to accept the inheritance must be received by the executor of his father's estate within 9 months of his father's death.

upvoted 0 times

...

Raina

18 days ago

B) His refusal to accept the inheritance must be in writing.

upvoted 0 times

...

Johna

1 months ago

A) His refusal to accept the inheritance must direct specifically that his sister is to receive it instead.

upvoted 0 times

...

Sang

2 months 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.

upvoted 0 times

...

Nobuko

2 months 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.

upvoted 0 times

Helene

1 months ago

D) He must not have received any part of his inheritance or any income from it prior to his refusal to accept it.

upvoted 0 times

...

Lavonna

1 months ago

C) His refusal to accept the inheritance must be received by the executor of his father's estate within 9 months of his father's death.

upvoted 0 times

...

Stevie

1 months ago

B) His refusal to accept the inheritance must be in writing.

upvoted 0 times

...

Leonida

1 months ago

A) His refusal to accept the inheritance must direct specifically that his sister is to receive it instead.

upvoted 0 times

...

Brandon

2 months 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.

upvoted 0 times

Annelle

18 days ago

C) His refusal to accept the inheritance must be received by the executor of his father's estate within 9 months of his father's death.

upvoted 0 times

...

Youlanda

24 days ago

B) His refusal to accept the inheritance must be in writing.

upvoted 0 times

...

Jamal

29 days ago

A) His refusal to accept the inheritance must direct specifically that his sister is to receive it instead.

upvoted 0 times

...

Caprice

2 months ago

C: He must not have received any part of his inheritance before refusing.

upvoted 0 times

...

Lizette

2 months ago

B: It must be received by the executor within 9 months.

upvoted 0 times

...

Ruthann

2 months ago

A: The refusal must be in writing.

upvoted 0 times

...

Craig

3 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.

upvoted 0 times