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American College HS330 Questions & Answers - in .pdf

HS330 pdf
  • Total Q&A: 400
  • Update: Aug 08, 2026
  • Price: $49.99
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  • Vendor: American College
  • Exam Code: HS330
  • Exam Name: Fundamentals of Estate Planning test
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HS330 Study Guide
  • Total Q&A: 400
  • Update: Aug 08, 2026
  • Price: $49.99
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  • Vendor: American College
  • Exam Code: HS330
  • Exam Name: Fundamentals of Estate Planning test
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American College HS330 Exam Overview:

Certification Vendor:The American College of Financial Services
Exam Name:Fundamentals of Estate Planning
Exam Number:HS330
Exam Duration:120 minutes
Available Languages:English
Exam Price:$295 USD
Exam Format:Multiple-choice, Scenario-based questions
Passing Score:700 out of 1000 (70%)
Certificate Validity Period:No expiration; course credit remains valid for designation completion
Real Exam Qty:85–100
Related Certifications:Chartered Financial Consultant (ChFC)
Chartered Life Underwriter (CLU)
CFP Certification Education
Recommended Training:HS 330 Official Study Materials
Exam Registration:Pearson VUE Scheduling
Official Course & Exam Registration
Sample Questions:American College HS330 Sample Questions
Exam Way:Computer-based proctored exam: onsite at Pearson VUE centers or online remote proctoring
Pre Condition:No mandatory prerequisites; recommended prior knowledge of basic financial and tax concepts
Official Syllabus URL:https://www.theamericancollege.edu/learn/courses/hs-330-fundamentals-estate-planning

American College HS330 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Trusts & Fiduciary Arrangements20%- Revocable and irrevocable trusts
- Trust income taxation
- Generation-skipping transfer tax (GSTT)
- Specialized trust structures
Topic 2: Advanced Planning Strategies15%- Charitable giving techniques
- Business succession planning & buy-sell agreements
- Life insurance in estate planning
- Planning for incapacity and special needs
Topic 3: Estate Planning Process & Legal Foundations20%- Property ownership forms and titling
- Wills, powers of attorney, and advance directives
- Objectives and ethical considerations
- Probate process and non-probate transfers
Topic 4: Federal Gift Tax System20%- Taxable gifts and filing requirements
- Gift tax calculation and strategies
- Exclusions, exemptions, and valuation rules
Topic 5: Federal Estate Tax System25%- State death taxes and basis adjustments
- Gross estate inclusion rules
- Marital and charitable deductions
- Credits and tax computation

American College Fundamentals of Estate Planning test Sample Questions:

1. Among the assets in a decedent's gross estate is stock in a closely held corporation that was left to a nephew. The interest passing to the nephew is required to bear the burden of all estate taxes and expenses. The relevant facts concerning this estate are:
*Adjusted gross estate $1,600,000
*Fair market value of stock in the
*closely held corporation 700,000
*Funeral expenses 30,000
*Executor's commission 50,000
*Federal and state death tax 160,000
What amount of closely held corporate stock can be redeemed under IRC Section 303 so that the redemption will be treated as a sale or exchange rather than a dividend distribution?

A) $240,000
B) $ 80,000
C) 0
D) $700,000


2. All the following are characteristics of a buy-sell agreement EXCEPT

A) It provides a market for the business
B) It provides for the continuation of the business
C) It provides for easier probating of the business
D) It provides liquidity for estate settlement needs


3. All of the following statements concerning the use of an irrevocable life insurance trust to solve liquidity problems of the insured's estate are correct EXCEPT:

A) The grantor should avoid obtaining incidents of ownership in the policy.
B) The grantor can avoid inclusion of the corpus in his or her gross estate.
C) The grantor is the most appropriate choice for trustee.
D) Gift taxes can be avoided for premium contributions made by the grantor.


4. All the following transfers are subject to the generation-skipping transfer tax (GSTT) EXCEPT:

A) A distribution to a grandchild from a sprinkle trust created by a grandparent to benefit both skip and non-skip beneficiaries.
B) A direct cash payment of $28,000 from a grandparent to a private prep school to cover the tuition costs for her grandchild.
C) A termination of a trust at the death of thenonskip life income beneficiary with the remainder distributed solely to skip persons.
D) A direct cash gift of $50,000 from a grandparent to his grandchild if such grandchild's parents are still alive.


5. Which of the following statements concerning marital transfers to a non-U.S. citizen spouse is (are) correct?
1.A marital deduction is automatically available as long as property is transferred outright to the non-citizen spouse.
2.A marital deduction is automatically available if the transferor-decedent spouse is a U.S. citizen.

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


Solutions:

Question # 1
Answer: A
Question # 2
Answer: C
Question # 3
Answer: C
Question # 4
Answer: B
Question # 5
Answer: D

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