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American College Exam HS330 Topic 1 Question 88 Discussion

Actual exam question for American College's HS330 exam
Question #: 88
Topic #: 1
[All HS330 Questions]

In which of the following estates would it normally be most desirable to provide for a federal estate tax marital deduction for approximately one half of the property?

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Suggested Answer: B

by Cordelia at May 19, 2024, 06:55 PM

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Domingo
1 months ago
I'm just glad this isn't a question about the 'death tax'. That always gets people riled up, even though it only applies to the wealthiest of estates.
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Antonio
1 months ago
I'm surprised the answer isn't just 'all of the above'. As long as you use the marital deduction, it's a win-win, right? Although, I guess that would be too easy for a test question.
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Louvenia
17 days ago
C) In the estate of the spouse who does not have the bulk of the family wealth when only one spouse has substantial wealth
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Janna
1 months ago
A) In the estate of the spouse with the bulk of the family wealth when only one spouse has substantial wealth
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Margo
2 months ago
Hmm, I'm not sure. Wouldn't it be better to take the marital deduction in the estate of the first spouse to die, regardless of their relative wealth? That way, you can delay the federal estate tax for as long as possible.
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Glennis
20 hours ago
That makes sense, it could help reduce the tax burden.
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Billye
5 days ago
C) In the estate of the spouse who does not have the bulk of the family wealth when only one spouse has substantial wealth
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Jerry
8 days ago
But wouldn't it be better to take the deduction in the estate of the first spouse to die?
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Vincenza
2 months ago
A) In the estate of the spouse with the bulk of the family wealth when only one spouse has substantial wealth
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Alayna
2 months ago
I'm not sure, but I think it makes sense to take advantage of the deduction when one spouse has more wealth to protect the assets for the surviving spouse.
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Merissa
2 months ago
I agree with Marnie. Providing the marital deduction in the estate of the spouse with less wealth helps equalize the estates and minimize the overall tax burden.
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Rima
1 months ago
That makes sense, it helps reduce the tax burden for the less wealthy spouse.
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Tegan
1 months ago
Exactly, it's a way to equalize the estates and minimize taxes.
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Merissa
1 months ago
C) In the estate of the spouse who does not have the bulk of the family wealth when only one spouse has substantial wealth
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Barrett
2 months ago
A) In the estate of the spouse with the bulk of the family wealth when only one spouse has substantial wealth
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Katheryn
2 months ago
That makes sense, it helps reduce the tax burden for the less wealthy spouse.
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Marsha
2 months ago
A) In the estate of the spouse with the bulk of the family wealth when only one spouse has substantial wealth
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Marnie
2 months ago
Option C seems like the most logical choice here. If only one spouse has substantial wealth, the marital deduction would be most beneficial in the estate of the less wealthy spouse.
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Helene
2 months ago
I agree with Shantell. Providing for a federal estate tax marital deduction in that scenario would help reduce the tax burden on the estate.
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Shantell
2 months ago
I think the answer is A) In the estate of the spouse with the bulk of the family wealth when only one spouse has substantial wealth.
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