American College HS330 Exam Dumps

Get All Fundamentals of Estate Planning test Exam Questions with Validated Answers

HS330 Pack
Vendor: American College
Exam Code: HS330
Exam Name: Fundamentals of Estate Planning test
Exam Questions: 400
Last Updated: August 23, 2026
Related Certifications: Chartered Financial Consultant
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Free American College HS330 Exam Actual Questions

Question No. 1

All the following statements concerning lifetime gifts are correct EXCEPT:

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Correct Answer: D

Question No. 2

Which of the following statements concerning charitable guaranteed annuity interests is (are) correct?

l. To qualify for an estate tax charitable deduction, guaranteed annuity interests must be made in trust.

ll. These interests refer to the charity right to receive a determinable income amount at least annually for a specific term or life (lives) or one or more no charitable beneficiaries.

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Correct Answer: B

Question No. 3

Which of the following provisions is (are) generally common to all buy-sell agreements?

1. Provisions specifying how the purchase price is to be funded.

2. Statement indicating the purpose of the agreement.

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Correct Answer: C

Question No. 4

Which of the following life insurance settlement options will qualify for the federal estate tax marital deduction?

l. 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interest payable to the surviving spouse who has the unrestricted right to withdraw proceeds and with any proceeds not withdrawn payable equally to her children per stripes

ll. 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

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Correct Answer: C

Question No. 5

A number of states have passed statutes governing ''living wills.'' Which of the following statements concerning a living will is (are) correct?

l. A living will is an alternative to an inter vivos trust under certain circumstances.

lI. A living will is an oral will made by the testator during a final illness when it is impossible to write one.

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Correct Answer: D

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