American College HS330 : Fundamentals of Estate Planning test

HS330 pass collection

Exam Code: HS330

Exam Name: Fundamentals of Estate Planning test

Updated: Jul 27, 2026

Q & A: 400 Questions and Answers

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American College HS330 Exam Syllabus Topics:

SectionObjectives
Topic 1: Financial Planning Strategies- Financial Planning Strategies
  • 1. Risk management
  • 2. Life insurance strategies
  • 3. Estate liquidity planning
  • 4. Business succession planning
  • 5. Asset allocation
  • 6. Charitable giving
  • 7. Investment planning
Topic 2: Legal Principles- Legal Principles
  • 1. Powers of attorney
  • 2. Contract law
  • 3. Property law
  • 4. Estate administration
  • 5. Role of executors and trustees
  • 6. Trust law
Topic 3: Tax Laws- Tax Laws
  • 1. Tax minimization strategies
  • 2. Federal estate tax
  • 3. Estate planning tax provisions
  • 4. Estate tax calculations
  • 5. Federal gift tax
Topic 4: Estate Planning Concepts- Estate Planning Concepts
  • 1. Transfer mechanisms
  • 2. Asset titling
  • 3. Beneficiary designations
  • 4. Trusts
  • 5. Asset protection strategies
  • 6. Property ownership
  • 7. Wills
  • 8. Probate

American College Fundamentals of Estate Planning test Sample Questions:

1. An individual who is a resident of State W is also the sole proprietor of a business located in State
W. He owns real property located in State X that is used by the proprietorship. While on vacation in State Y, the individual meets an untimely death. Under the terms of his will, his entire estate is bequeathed to a resident of State Z.
Which state will tax the real property used by the proprietorship?

A) State Y
B) State X
C) State W
D) State Z


2. All the following powers held by the grantor of an irrevocable trust will cause the trust assets to be brought back into the estate of the grantor EXCEPT the power to

A) add principal to the trust
B) change the trustremainderpersons
C) terminate the trust
D) designate who shall enjoy the trust income


3. Which of the following statements concerning antenuptial agreements is (are) correct?
1.They are frequently used to protect the interests of children of former marriages.
2.They can legally deprive a surviving spouse of his or her elective share of a deceased spouse's estate.

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


4. Which of the following statements concerning antenuptial agreements is (are) correct?
1.They are frequently used prior to second marriages.
2.They can affect a surviving spouse's right to receive an intestate share of a deceased spouse's estate.

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


5. The personal representative of a decedent has the duty to file all the following tax returns EXCEPT

A) the estate's income tax return
B) the decedent's final income tax return
C) the federal estate tax return
D) the surviving spouse's income tax return for the year of death


Solutions:

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

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