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Free American College HS330 Exam Dumps June 2026
Here you can find all the free questions related with American College Fundamentals of Estate Planning test (HS330) exam. You can also find on this page links to recently updated premium files with which you can practice for actual American College Fundamentals of Estate Planning test Exam. These premium versions are provided as HS330 exam practice tests, both as desktop software and browser based application, you can use whatever suits your style. Feel free to try the Fundamentals of Estate Planning test Exam premium files for free, Good luck with your American College Fundamentals of Estate Planning test Exam.MultipleChoice
Mr. Barlow died early this year. Under the terms of his will he left all his real estate and tangible personal property to his son. All the remainder of his probate estate was left to his wife, Mrs. Barlow. The following is a list of Mr. Barlow's probate assets and their fair market values at the time of his death:
Commercial real estate $150,000
Furniture and fixtures 75,000
Listed common stock 300,000
Other securities 200,000
In addition, Mr. Barlow also owned a $1 00,000 life insurance policy on his life with Mrs. Barlow designated as beneficiary. Based on this information, what is the amount of property in Mr. Barlow's estate qualifying for the federal estate tax marital deduction?
OptionsMultipleChoice
Which option best acts by a person other than a lawyer is clearly an unauthorized practice of law?
OptionsMultipleChoice
Which of the following statements concerning a general power of appointment is (are) correct?
l. A general power of appointment is a power over property so broad that it approaches actual ownership or control over the property subject to the power.
II. The property subject to a general power of appointment will be includible in the gross estate of the holder of the power it held until death.
OptionsMultipleChoice
On January 1, 2004 a father gave his daughter a $50,000 straight (ordinary) life insurance policy on his life. Premiums are paid annually. The pertinent facts about the policy are:
Date of issue: July 1, 1992
Premium paid on July 1, 2003 $800
Terminal reserve on July 1, 2003 5,000
Terminal reserve on July 1, 2004 6,000
What is the value of the policy for federal gift tax purposes?
OptionsMultipleChoice
The failure of an individual to have a will can result in which of the following?
1. The state will determine the disposition of the individual's probate estate.
2. The decedent's preference for a personal representative, guardian, and other fiduciary' roles may be ignored.
OptionsMultipleChoice
Which of the following factors is (are) used to make a choice between having an entity-purchase or a cross-purchase partnership buy-sell agreement?
l. The number of partners
ll. The divergence of the partners' business knowledge and skills
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