HS330 試験問題を無料オンラインアクセス

On the advice of their attorney and accountant, Betsy and John have decided to make substantial transfers. They would like to pass most of their considerable wealth to their grandchildren. Which of the following statements concerning gifts made to their grandchildren is correct?

• A.The GSTT annual exclusion may be utilized by Betsy and John for each grandchild during lifetime and at death.
• B.The GSTT annual exclusion is unavailable for years in which Betsy and John make tuition gifts for the grandchildren.
• C.The value of Betsy and John's GSTT exemption amounts are slightly increased when used at death rather than during lifetime.
• D.Betsy and John may elect to split any GSTT transfers to the grandchildren.

Items that are deductions from a decedent's gross estate in determining his adjusted gross estate include which of the following?
1.Foreign death taxes
2.State death taxes

• A.2 only
• B.1 only
• C.Both 1 and 2
• D.Neither 1 nor 2

All the following are steps in calculating a decedent's maximum estate tax marital deduction EXCEPT:

• A.Subtract the allowable expenses and debts to determine the adjusted gross estate.
• B.Subtract the applicable exclusion amount available in the year of the decedent's death.
• C.Compute the decedent's gross estate.
• D.Determine the net amount of property in the gross estate that passes to the surviving spouse in a manner qualifying for the marital deduction.

In all cases a trustee must invest trust assets in accordance with the

• A.requirements of a state's permissive legal list
• B.common law standard of the prudent person
• C.stated provisions of the trust instrument
• D.requirements of a state's mandatory legal list

All the following statements concerning transfers at death under a will are correct EXCEPT:

• A.It is common for a will to contain a clause that exempts the executor from posting bond.
• B.Specific bequests of a decedent's property are satisfied prior to distribution of the decedent's residuary estate.
• C.If during lifetime a decedent disposed of property that was the subject of a specific bequest,ademption occurs.
• D.The most appropriate way to sever a joint tenancy with right of survivorship is for the joint tenant-decedent to make a specific bequest of the property under a will.