최신 HS330 무료덤프 - American College Fundamentals of Estate Planning test
All the following items are deductions from a decedent's gross estate in determining his adjusted gross estate EXCEPT
정답: C
A man recently died with only probate assets. Under the terms of his will, he left his entire probate estate outright to his wife. The following are relevant facts concerning the estate:
*Gross estate $2,400,000
*Estate administration expenses 85,000
*Debts of decedent 100,000
*Allowable funeral expenses 10,000
The amount of the allowable marital deduction is
*Gross estate $2,400,000
*Estate administration expenses 85,000
*Debts of decedent 100,000
*Allowable funeral expenses 10,000
The amount of the allowable marital deduction is
정답: C
A father died leaving his property equally to his wealthy son and his poor daughter. The son wishes to disclaim his share of the inheritance so that it will pass to his sister without his incurring any gift tax liability. In this situation, all the following acts on the part of the son are required EXCEPT:
정답: A
To determine whether a taxable gift has been made, the Treasury Regulations require that there must initially be a definite finding that the
정답: B
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interest payable to the surviving spouse who has the unrestricted right to withdraw proceeds and with any proceeds not withdrawn payable equally to her children per stirpes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
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interest payable to the surviving spouse who has the unrestricted right to withdraw proceeds and with any proceeds not withdrawn payable equally to her children per stirpes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
정답: D
All the following statements concerning the gift and estate tax chartiable deduction are correct EXCEPT:
정답: C
Which of the following statements concerning a grantor-retained annuity trust (GRAT) is (are) correct?
1.The grantor is taxed on trust income during the retained term.
2.The grantor makes an irrevocable transfer to the remainderperson(s) when the trust is created.
1.The grantor is taxed on trust income during the retained term.
2.The grantor makes an irrevocable transfer to the remainderperson(s) when the trust is created.
정답: D
The estate planning process includes all the following activities EXCEPT
정답: B
To determine whether a taxable gift has been made, the IRS focuses on all the following factors EXCEPT:
정답: A
All the following statements concerning a power of appointment are correct EXCEPT:
정답: C
The following are facts concerning a decedent's estate:
*Taxable estate $2,000,000
*Pre-1977 taxable gifts 500,000
*Post-1976 adjusted taxable gifts 300,000
*Post-1976 gifts made to a qualified charity 200,000
*Taxable estate $2,000,000
*Pre-1977 taxable gifts 500,000
*Post-1976 adjusted taxable gifts 300,000
*Post-1976 gifts made to a qualified charity 200,000
정답: C
To qualify the seller of property for installment sale tax treatment, the transaction must meet which of the following conditions?
정답: D