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American College HS330 Exam Questions

Exam Name: Fundamentals of Estate Planning test
Exam Code: HS330
Related Certification(s): American College Chartered Financial Consultant ChFC Certification
Certification Provider: American College
Number of HS330 practice questions in our database: 400 (updated: Sep. 30, 2024)
Expected HS330 Exam Topics, as suggested by American College :
  • Topic 1: Estate Planning Concepts: Professionals who want to validate their skills in financial planning and legal industries through the HS330 exam must cover sub-topics related to asset protection strategies, trusts, wills, and probate.
  • Topic 2: Legal Principles: This topic of the American College Fundamentals of Estate Planning exam focuses on contract law, property law, estate planning, and trust law. Professionals in the financial planning and legal industries must demonstrate their proficiency in identifying potential legal issues and creating effective estate planning documents.
  • Topic 3: Tax Laws: In this topic, aspiring American College financial planning and legal industries professionals learn about complex tax laws. These laws are related to gift and estate, and estate planning.
  • Topic 4: Financial Planning Strategies: This topic of the HS330 exam is all about financial planning strategies. The exam covers investment planning, risk management, and asset allocation.
Disscuss American College HS330 Topics, Questions or Ask Anything Related
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Yuonne

5 days ago
Just cleared the estate planning exam, and Pass4Success was a lifesaver! There was a tricky question on how to structure a Charitable Remainder Trust under Financial Planning Strategies. I wasn't confident about the tax implications, but I still got through.
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Stephaine

16 days ago
My biggest tip would be to use quality study materials like those from Pass4Success. Their practice questions really mirrored the exam's style and depth. Also, be prepared for scenario-based questions that test your ability to apply concepts to real-world situations.
upvoted 0 times
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Silvana

20 days ago
I recently passed the American College Fundamentals of Estate Planning test, and I must say, the Pass4Success practice questions were incredibly helpful. One question that stumped me was about the Rule Against Perpetuities under Legal Principles. I wasn't entirely sure how to apply it in a given scenario, but I managed to pass the exam nonetheless.
upvoted 0 times
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Derick

27 days ago
Just passed the ACC: Fundamentals of Estate Planning exam! Pass4Success was a lifesaver with their relevant practice questions.
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Levi

3 months ago
Just passed the ACC: Fundamentals of Estate Planning exam! One key topic was gift tax exclusions. Expect questions on annual and lifetime exemption amounts. Study the current limits and how they affect estate planning strategies. Thanks to Pass4Success for the spot-on practice questions that helped me prepare quickly!
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Free American College HS330 Exam Actual Questions

Note: Premium Questions for HS330 were last updated On Sep. 30, 2024 (see below)

Question #1

Alan, a widower, is a retired executive with substantial assets. He wishes to provide for the financial security of his two grandchildren since their father, Alan's son, has always managed money poorly. This year Alan would like each grandchild to receive a substantial gift. Which of the following statements concerning the generation-skipping transfer tax (GSTT) on these gifts is (are) correct?

1. Federal estate or gift tax will not be imposed if the gift is otherwise subject to the GSTT.

2. Assuming no prior gifts, Alan can gift a cumulative total of (not including the annual exclusion) $1.5 million to his grandchildren without the imposition of the GSTT.

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Correct Answer: B

Question #2

All the following statements concerning ownership of property in the form of a joint tenancy with right of survivorship are correct EXCEPT:

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Correct Answer: D

Question #3

All the following statements concerning qualification of property for the federal estate tax marital deduction are correct EXCEPT:

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Correct Answer: C

Question #4

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:

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Correct Answer: C

Question #5

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

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Correct Answer: A

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