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American College HS330 Exam Questions

Exam Name: Fundamentals of Estate Planning test
Exam Code: HS330
Related Certification(s): American College Chartered Financial Consultant ChFC Certification
Certification Provider: American College
Number of HS330 practice questions in our database: 400 (updated: Dec. 16, 2024)
Expected HS330 Exam Topics, as suggested by American College :
  • Topic 1: Estate Planning Concepts: Professionals who want to validate their skills in financial planning and legal industries through the HS330 exam must cover sub-topics related to asset protection strategies, trusts, wills, and probate.
  • Topic 2: Legal Principles: This topic of the American College Fundamentals of Estate Planning exam focuses on contract law, property law, estate planning, and trust law. Professionals in the financial planning and legal industries must demonstrate their proficiency in identifying potential legal issues and creating effective estate planning documents.
  • Topic 3: Tax Laws: In this topic, aspiring American College financial planning and legal industries professionals learn about complex tax laws. These laws are related to gift and estate, and estate planning.
  • Topic 4: Financial Planning Strategies: This topic of the HS330 exam is all about financial planning strategies. The exam covers investment planning, risk management, and asset allocation.
Disscuss American College HS330 Topics, Questions or Ask Anything Related
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Annalee

4 days ago
Grateful for Pass4Success! Their practice questions made passing the Estate Planning exam a breeze.
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William

11 days ago
Don't underestimate the importance of probate! There were multiple questions about probate process and ways to avoid it. Understand the pros and cons of probate avoidance techniques.
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Ines

14 days ago
Just passed the exam, and Pass4Success was instrumental in my success. There was a question on the best financial planning strategy for a high-net-worth individual. I was unsure about the use of life insurance in estate planning, but I got through.
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Ressie

29 days ago
I passed the estate planning exam, and Pass4Success was a big help. One question that puzzled me was about the legal requirements for a valid will under Legal Principles. I wasn't sure about the witness requirements, but I managed to pass.
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Ruthann

30 days ago
Heads up on estate tax calculations! The exam had several problems where you had to determine the taxable estate. Review the current exemption amounts and how to calculate estate tax liability.
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Elke

1 months ago
Pass4Success nailed it! Their exam questions were spot-on for the ACC: Fundamentals of Estate Planning test.
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Truman

1 months ago
Happy to share that I passed the exam! Pass4Success practice questions were spot on. I remember a tough question about the gift tax annual exclusion under Tax Laws. I was unsure about the exact amount and its application, but I still succeeded.
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Julio

2 months ago
Just passed the American College Certified: Fundamentals of Estate Planning exam! The questions on trusts were tricky. Make sure to study different types of trusts and their tax implications. Pass4Success really helped me prepare with their relevant practice questions!
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Ellen

2 months ago
I passed the exam with flying colors, thanks to Pass4Success. One challenging question was about the differences between revocable and irrevocable trusts under Estate Planning Concepts. I had to think hard about the control and tax benefits, but I made it.
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Dorothy

2 months ago
Aced the Estate Planning test! Thanks to Pass4Success for the quick and effective prep materials.
upvoted 0 times
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Lajuana

2 months ago
Sounds like a comprehensive exam. Any final tips for future test-takers?
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Yuonne

2 months ago
Just cleared the estate planning exam, and Pass4Success was a lifesaver! There was a tricky question on how to structure a Charitable Remainder Trust under Financial Planning Strategies. I wasn't confident about the tax implications, but I still got through.
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Stephaine

3 months ago
My biggest tip would be to use quality study materials like those from Pass4Success. Their practice questions really mirrored the exam's style and depth. Also, be prepared for scenario-based questions that test your ability to apply concepts to real-world situations.
upvoted 0 times
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Silvana

3 months ago
I recently passed the American College Fundamentals of Estate Planning test, and I must say, the Pass4Success practice questions were incredibly helpful. One question that stumped me was about the Rule Against Perpetuities under Legal Principles. I wasn't entirely sure how to apply it in a given scenario, but I managed to pass the exam nonetheless.
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Derick

3 months ago
Just passed the ACC: Fundamentals of Estate Planning exam! Pass4Success was a lifesaver with their relevant practice questions.
upvoted 0 times
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Levi

5 months ago
Just passed the ACC: Fundamentals of Estate Planning exam! One key topic was gift tax exclusions. Expect questions on annual and lifetime exemption amounts. Study the current limits and how they affect estate planning strategies. Thanks to Pass4Success for the spot-on practice questions that helped me prepare quickly!
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Free American College HS330 Exam Actual Questions

Note: Premium Questions for HS330 were last updated On Dec. 16, 2024 (see below)

Question #1

Generally the courts will accept as the federal estate tax value of a closely held corporate business the price established by a buy-sell agreement if all the following conditions are met EXCEPT:

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Correct Answer: A

Question #2

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

Question #3

All the following statements concerning a federal estate tax deduction for a bequest or gift to a qualified charity are correct EXCEPT:

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Correct Answer: D

Question #4

Alan, a widower, is a retired executive with substantial assets. He wishes to provide for the financial security of his two grandchildren since their father, Alan's son, has always managed money poorly. This year Alan would like each grandchild to receive a substantial gift. Which of the following statements concerning the generation-skipping transfer tax (GSTT) on these gifts is (are) correct?

1. Federal estate or gift tax will not be imposed if the gift is otherwise subject to the GSTT.

2. Assuming no prior gifts, Alan can gift a cumulative total of (not including the annual exclusion) $1.5 million to his grandchildren without the imposition of the GSTT.

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Correct Answer: B

Question #5

All the following statements concerning ownership of property in the form of a joint tenancy with right of survivorship are correct EXCEPT:

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Correct Answer: D

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