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HS330 Exam Dumps

HS330 Exam Dumps

Fundamentals of Estate Planning test

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Exam Name: Fundamentals of Estate Planning test

Questions with Answers: 400

Last Updated: 18-Dec-2024

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HS330 Exam Questions

Fundamentals of Estate Planning test exams.

Question
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
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Question
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?
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Question
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 $1200, 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 $6,000. 3. The interest rate for loans from the Federal Land Sank is 8 percent. For federal estate tax purposes, the farm method valuation formula would result in a current use value for the farm of
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Question
Which of the following types of real properly ownership will be deemed to be a tenancy in common?
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Question
Which of the following statements concerning property ownership by a married couple residing in a community - property state is correct?
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