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HS330Fundamentals of Estate Planning test

400 Questions and Answers Experienced specialists selected 400 questions for this exam. All answers are verified to ensure correctness.

Last Updated Mar 20, 2024 Ace your exams with our consistently updated HS330 exam dumps.

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Same Questions from the Latest Real Exam

HS330 Online Practice Questions and Answers

Questions 1

Which of the following statements concerning charitable remainder annuity trusts is correct?

A. The term of charitable remainder annuity arrangements is limited to 10 years.

B. It provides a fixed annuity income interest to a qualified charity.

C. The donor receives an estate tax charitable deduction for the value of the remainder interest.

D. The interest paid to the charity must be paid at least quarterly.

Show Answer
Questions 2

All the following statements concerning wills are correct EXCEPT:

A. A testator may lose the capacity to revoke a will prior to death.

B. A codicil is a valid modification of a will.

C. Once a person is named as an executor in a will, he or she is required to serve.

D. In most states a surviving spouse can elect against a will that completely disinherits him or her.

Show Answer
Questions 3

Which of the following statements concerning pooled-income funds is (are) correct?

1.

The fund contains commingled donations from many sources.

2.

A decedent donation purchases units in the fund which generate income that is paid at least annually to a charity.

A. 2 only

B. Neither 1 nor 2

C. Both 1 and 2

D. 1 only

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