American College Fundamentals of Estate Planning test 認定 HS330 試験問題:

1. Which of the following statements concerning the generation-skipping transfer tax (GSTT) is (are) correct?
1.An annual exclusion against GSTT will shelter gifts by a grandparent to a trust benefitting multiple grandchildren.
2.Tuition payments made directly by a grandparent to a university for a grandchild's education are exempt from GSTT.

A) 1 only
B) Neither 1 nor 2
C) Both 1 and 2
D) 2 only

2. 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

A) a child of the grantor
B) the spouse of the grantor
C) a grandchild of the grantor
D) the father of the grantor

3. Which of the following statements concerning ownership of property under a tenancy by the entirety is correct?

A) It is a form of property ownership available only to married persons.
B) The property will be in the probate estate of the first joint tenant to die.
C) One tenant can freely transfer his or her property interest to a third person.
D) It is a form of property ownership that applies only to personal property.

4. Which of the following is (are) a permissible deduction from a decedent's gross estate to determine the decedent's adjusted gross estate?
1.Expenses incurred for the benefit of individual heirs.
2.Expenses incurred in the collection of estate assets.

A) 1 only
B) Neither 1 nor 2
C) Both 1 and 2
D) 2 only

5. All the following statements concerning property ownership by a married couple residing in a community-property state are correct EXCEPT:

A) Property inherited during the marriage is the separate property of the spouse who inherited it.
B) All property that is not separate property is community property.
C) Income earned by one spouse becomes community property.
D) Community property loses its identity when a community-property couple moves to a common-law state.

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