HS330無料問題集「American College Fundamentals of Estate Planning test」

質問 1

Which of the following life insurance settlement options will qualify for the federal estate tax marital deduction?
1.Proceeds left to the surviving spouse under the interest option, with interest payable to the surviving spouse who has the unrestricted right to withdraw proceeds and with any proceeds not withdrawn payable equally to her children per stirpes
2.Proceeds left to the surviving spouse under an installment option, with any installments remaining at her death to be commuted and paid to her estate

（A）1 only

（B）2 only

（C）Neither 1 nor 2

（D）Both 1 and 2

正解：D 解答を投票する

質問 2

Which of the following actions on the part of a trustee is (are) a breach of his duties?
1.Placing substantial amounts of cash from the sale of securities in a noninterest bearing checking account for a period of years
2.Investing all trust assets in securities that favor income beneficiaries to the detriment of remainderpersons

（A）1 only

（B）2 only

（C）Neither 1 nor 2

（D）Both 1 and 2

正解：D 解答を投票する

質問 3

A person dying without a will loses all the following rights EXCEPT the right to

（A）take maximum advantage of the marital deduction

（B）have assets pass to heirs

（C）name the person to settle the estate

（D）give property to a charity

正解：B 解答を投票する

質問 4

Which of the following statements concerning a power of appointment is correct?

（A）Adonee who possesses a special power of appointment at the time of his or her death has the property included in the gross estate.

（B）The recipients of the property after thedonee exercises the power of appointment are known as the appointees.

（C）The time that a special power of appointment may be exercised may not be restricted by the donor when creating the power.

（D）A limited power of appointment permits thedonee of the power to exercise the power in favor of anyone except the donee's family members.

正解：B 解答を投票する

質問 5

Which of the following transfers will be successful in removing property from a grantor's gross estate?
1.A grantor's transfer of property to a revocable trust if the grantor lives three years after the transfer.
2.A grantor's transfer of a personal residence to a qualified personal residence trust if the grantor survives the retained interest term.

（A）1 only

（B）2 only

（C）Neither 1 nor 2

（D）Both 1 and 2

正解：B 解答を投票する

質問 6

Nontax benefits of lifetime gifts include all the following EXCEPT to

（A）avoid claims of creditors evidenced by liens

（B）reduce probate and administrative costs

（C）provide for the education of thedonee

（D）obtain privacy that is not possible to obtain through testamentary transfers

正解：A 解答を投票する

質問 7

Which of the following statements concerning the taxation of estates and trusts is correct?

（A）They are entitled to the standard deduction in determining tax.

（B）They are taxed on distributable net income that is retained.

（C）They are taxed as if they were partnerships.

（D）They are taxed as if they were corporations.

正解：B 解答を投票する

質問 8

The failure of an individual to have a will can result in all the following EXCEPT:

（A）Testamentary gifts to charity cannot be made.

（B）Unnecessary death taxes may be imposed.

（C）A surviving spouse receives only his or her elective share.

（D）The decedent's state of domicile might receive the property left by the decedent.

正解：C 解答を投票する

質問 9

Ignoring the annual per-donee exclusion, which of the following transfers is a gift for federal gift tax purposes?

（A）An individual gratuitously performs valuable services for the benefit of a close friend.

（B）A grandmother pays her grandson's $30,000 tuition at an Ivy League university.

（C）A creditor cancels the promissory note of a recently unemployed friend as a charitable gesture.

（D）A father promises to buy his daughter a condominium when she finishes college.

正解：C 解答を投票する

質問 10

A single man with substantial assets and income is supporting his 80-year-old partially senile mother with monthly cash gifts. He is trying to find a practical way to support his mother while at the same time saving federal gift and income taxes without giving up ultimate control of any assets. Which of the following courses of action will best accomplish these objectives?

（A）Make her an interest free loan with a principal amount large enough to produce sufficient income for her support when invested in corporate bonds

（B）Make her a gift of enough corporate bonds from his portfolio so that she will be able to support herself from the interest payments

（C）Purchase corporate bonds that pay interest in an amount sufficient for her to support herself and assign the interest payments to her

（D）Make her annual gifts of enough interest income from the tax free municipal bonds in his portfolio so that she will be able to support herself

正解：D 解答を投票する

質問 11

All the following transfers are subject to the generation-skipping transfer tax (GSTT) EXCEPT:

（A）A direct cash payment of $28,000 from a grandparent to a private prep school to cover the tuition costs for her grandchild.

（B）A distribution to a grandchild from a sprinkle trust created by a grandparent to benefit both skip and non-skip beneficiaries.

（C）A termination of a trust at the death of thenonskip life income beneficiary with the remainder distributed solely to skip persons.

（D）A direct cash gift of $50,000 from a grandparent to his grandchild if such grandchild's parents are still alive.

正解：A 解答を投票する

質問 12

Which of the following types of partial interests in property may be allowed a charitable deduction for estate tax purposes?
1.A remainder interest in the donor vacation home
2.A testamentary gift of a percentage of a decedent entire interest in property held in trust

（A）1 only

（B）2 only

（C）Neither 1 nor 2

（D）Both 1 and 2

正解：A 解答を投票する

質問 13

Which of the following statements concerning the generation-skipping transfer tax (GSTT) is correct?

（A）The lifetime exemption shelters a maximum of $1 million of transfers to grandchildren from GSTT for the current year.

（B）Tuition payments made by a grandparent directly to a university for a grandchild's education are exempt from GSTT.

（C）The GSTT rate applicable to a transfer depends upon the amount of the gift.

（D）The annual exclusion against GSTT shelters gifts by a grandparent to a trust benefitting multiple grandchildren.

正解：B 解答を投票する

質問 14

All the following are grounds for contesting a will EXCEPT:

（A）The testator did not have testamentary capacity.

（B）The testator executed a later valid will.

（C）The widow was bequeathed less than her intestate share.

（D）The instrument is a forgery.

正解：C 解答を投票する

質問 15

Which of the following provisions is (are) generally common to all buy-sell agreements?
1.Provisions for modification of the agreement.
2.Provisions for lifetime business interest transfer restrictions.

（A）1 only

（B）2 only

（C）Neither 1 nor 2

（D）Both 1 and 2

正解：D 解答を投票する

HS330 無料問題集「American College Fundamentals of Estate Planning test」

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