HS330 Exam

Note: After purchase, we will send questions within 24 hours.

Free HS330 Demo Download

hiexam offers free demo for American College HS330 exam (Fundamentals of Estate Planning test). You can check out the interface, question quality and usability of our practice exams before you decide to buy it. We are the only one site can offer demo for almost all products.

Download HS330 ExamTesting Engine

Exam Description

HS330 exam is one of popular American College Certification. Many candidates won't have confidence to get it. Now We guaranteed HS330 exam training is available in various formats to best suit your needs and learning style. Whether you are a hands-on tactile learner, visually or even a textbook training veteran, Hiexam has the HS330 resources that will enable you to pass your HS330 test with flying colors. As with American College exams, the American College or HS330 exam is structured to stack or plug into other related courses. The combination of American College courses builds the complete core knowledge base you need to meet your American College certification requirements.

Why choose hiexam HS330 braindumps

Read it before. I want to ask you few question.

1. do you know Hiexam?

2. do you know why Only Hiexam can help you ?

3. do you know HS330 has changed ?

4.do you know you can get 100% guarantee?

OK. you can read this. if you can't find answer. you must contact us.

Quality and Value for the HS330 Exam
100% Guarantee to Pass Your HS330 Exam
Downloadable, Interactive HS330 Testing engines
Verified Answers Researched by Industry Experts
Drag and Drop questions as experienced in the Actual Exams
Practice Test Questions accompanied by exhibits
Our Practice Test Questions are backed by our 100% MONEY BACK GUARANTEE.

Hiexam provides the fastest and best way to train HS330 exam

* Truly interactive HS330 practice tests
* Create and take notes on any question
* Retake tests until you're satisfied
* You select the areas of the HS330 exam to cover
* Filter questions for a new practice test each time.
* Re-visit difficult questions

hiexam HS330 Exam Features

* High quality - High quality and valued for the HS330 Exam: 100% Guarantee to Pass Your HS330 exam and get your American College certification
* Authoritative - Authoritative study materials with complete details about HS330 exam
* Cheaper - Our Hiexam products are cheaper than any other website. With our completed American College resources, you will minimize your American College cost and be ready to pass your HS330 exam on Your First Try, 100% Money Back Guarantee included
* Free - Try free American College demo before you decide to buy it in http://www.hiexam.net
　
　
Exam : The American College HS
330
Title : Fundamentals of Estate Planning test


1. The following are facts concerning a decedent's estate:
Taxable estate $1,700,000
Pre-1977 taxable gifts 200,000
Post-1976 adjusted taxable gifts 50,000
Post-1976 gifts made to a qualified charity 100,000
The tentative tax base of this estate is
A. $1,700,000
B. $1,750,000
C. $1,850,000
D. $1,900,000
Answer: B

2. Which of the following types of real property ownership will be deemed to be a tenancy in common?
A. Two brothers own equal amounts of all the common stock in a corporation, the only asset of which is real property.
B. Two brothers own equal undivided interests in a piece of real property, with each brother being able to divest himself of his interest by sale, gift, or will.
C. Two brothers are equal partners in a general partnership that owns a piece of real property used in the partnership business.
D. Two brothers own equal fractional interests in a piece of real property and at the death of one of the brothers the survivor will own the entire piece of property.
Answer: B

3. Which of the following is an example of a taxable gift for federal gift tax purposes?
A. A father gives his 19-year-old daughter a note promising to give her his Rolls Royce when she reaches the age of 21.
B. Instead of parents paying an outside executive $60,000, a son runs their business for 8 months without charging a fee.
C. The parents of a married son permit their son and his family to use a summer cottage that rents for $3,000 per month on a rent-free basis.
D. A father cancels a $50,000 note his daughter gave him when he made a loan to her 2 years ago.
Answer: D

4. An executor elects to value the assets of the estate at the alternative valuation date 6 months after death. Which of the following statements concerning the estate tax value of assets included in this estate is correct?
A. An annuity included in the gross estate that diminishes with the mere passage of time is includible at the date of death value.
B. Property sold before the alternate valuation date is valued at the alternate valuation date.
C. Property that has increased in value since the date of death may be valued at the date of death if the executor so elects.
D. Property distributed under the will before the alternate valuation date is valued at the date of death.
Answer: A

5. Which of the following statements concerning property ownership by a married couple residing in a community-property state is correct?
A. All property owned by the couple is community property.
B. Community property loses its identity when a couple moves from a community-property state to a common-law state.
C. Property inherited by one spouse during a marriage becomes community property.
D. Income earned by one spouse becomes community property.
Answer: D

6. A father and son have been farming land owned by the father for the past 12 years. Just prior to his death, the father was offered $1,200,000 for his farm because of its possible use as a shopping center. The son would like to continue to farm the land if it can be included in his father's estate at its current use value. Additional facts are:
1.Average annual gross rentals from nearby farms of similar acreage are $56,000.
2.Average annual state and local real estate taxes on the farm are $8,000.
3.The interest rate for loans from the Federal Land Bank is 8 percent.
For federal estate tax purposes, the farm method valuation formula would result in a current use value for the farm of
A. $500,000
B. $600,000
C. $700,000
D. $820,000
Answer: B

http://www.hiexam.net The safer.easier way to get American College Certification.