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American College Exam HS330 Topic 1 Question 40 Discussion

Actual exam question for American College's HS330 exam
Question #: 40
Topic #: 1
[All HS330 Questions]

Which of the following items of property will be included in a decedent's gross estate for federal estate tax purposes?

l. The value of property subject to a general power of appointment that the decedent possessed at death

II. The value of all gratuitous lifetime transfers of property made within 3 years of death

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Suggested Answer: A

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