American College Fundamentals of Estate Planning test - HS330무료 덤프문제 풀어보기
All the following statements concerning real property ownership by married couples as joint tenants with right of survivorship are correct EXCEPT:
정답: A
Which of the following statements concerning a general power of appointment is (are) correct?
1.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.
2.The property subject to a general power of appointment will be includible in the gross estate of the holder of the power if held until death.
1.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.
2.The property subject to a general power of appointment will be includible in the gross estate of the holder of the power if held until death.
정답: D
All the following statements concerning guardians for minors are correct EXCEPT:
정답: C
Which of the following terms applies to the blending together of separate and community properties of spouses in community-property states?
정답: D
The following are facts concerning a decedent's estate:
*Taxable estate $1,800,000
*Pre-1977 taxable gifts 100,000
*Post-1976 adjusted taxable gifts 150,000
*Post-1976 gifts made to a qualified charity 200,000
The tentative tax base of this estate is
*Taxable estate $1,800,000
*Pre-1977 taxable gifts 100,000
*Post-1976 adjusted taxable gifts 150,000
*Post-1976 gifts made to a qualified charity 200,000
The tentative tax base of this estate is
정답: A
Nontax benefits of lifetime gifts include all the following EXCEPT to
정답: C
Which of the following transactions is a taxable gift for federal gift tax purposes?
정답: D
Which of the following statements concerning an installment sale is (are) correct?
1.Some portion of the purchase price must be paid in any one taxable year other than the year of sale.
2.Installments due after the seller's death are excludible from the seller's gross estate.
1.Some portion of the purchase price must be paid in any one taxable year other than the year of sale.
2.Installments due after the seller's death are excludible from the seller's gross estate.
정답: C
A married man is the sole owner of a small business with an estate tax value of $500,000. In addition, he and his wife own an office building as joint tenants with right of survivorship which they purchased five years ago. The building has an estate tax value of $1,500,000. They are considering dissolving the joint tenancy and retitling the building in the name of the husband as sole owner. Which of the following statements concerning this action is (are) correct?
1.If the husband dies first, it would be easier to qualify his estate for a Section 303 redemption of his business interest.
2.If the husband dies first, the probate costs of his estate could be increased.
1.If the husband dies first, it would be easier to qualify his estate for a Section 303 redemption of his business interest.
2.If the husband dies first, the probate costs of his estate could be increased.
정답: B
If a grantor establishes an irrevocable trust, the income of the trust will be taxed to the grantor if it is used to pay premiums for life insurance on the life of
정답: A
A number of states have passed statutes governing "living wills." Which of the following statements concerning a living will is (are) correct?
1.A living will is an alternative to an inter vivos trust under certain circumstances.
2.A living will is an oral will made by the testator during a final illness when it is impossible to write one.
1.A living will is an alternative to an inter vivos trust under certain circumstances.
2.A living will is an oral will made by the testator during a final illness when it is impossible to write one.
정답: A
If a grantor establishes an irrevocable trust, the income of the trust will be taxed to the grantor if it is used to pay premiums for life insurance on the life of
정답: A
All the following are conditions that must be met if an otherwise nonqualified terminable interest is to qualify (as QTIP) for the federal estate tax marital deduction EXCEPT:
정답: A
A married man is the sole owner of a small business with an estate tax value of $500,000. In addition, he and his wife own an office building as joint tenants with right of survivorship which they purchased five years ago. The building has an estate tax value of $1,500,000. They are considering dissolving the joint tenancy and retitling the building in the name of the husband as sole owner. All the following statements concerning this action are correct EXCEPT:
정답: C