HS330 試験問題を無料オンラインアクセス

A father plans to create a trust for the benefit of his 22-year-old son and wishes to take advantage of the gift tax annual exclusion. He has named a bank as trustee. Which of the following trust provisions would cause the gifts to be ineligible to qualify for the gift tax annual exclusion?
1.The trust income is to be paid to the son or accumulated at the discretion of the trustee.
2.The income is to be accumulated until the son reaches age 32 when all accumulated income and principal are to be distributed to him.

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

A father deeded a house as a gift to his daughter in 1990 but retained the right to live in it until his death. He died this year, while still living in the house. The following are relevant facts:
The father bought the property in 1980 for $140,000. The fair market value of the property when the gift was made in 1990 was $170,000. The father filed a timely gift tax return but paid no gift tax because of the applicable credit amount. The fair market value of the property at the father's death was $200,000. The daughter sold the property 3 months after her father's death for $200,000. She had a gain of

• A.$130,000
• B.0
• C.$200,000
• D.$160,000

A number of states have passed statutes governing "living wills." Which of the following statements concerning a living will is (are) correct?
1.A living will is an alternative to an inter vivos trust under certain circumstances.
2.A living will is an oral will made by the testator during a final illness when it is impossible to write one.

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

In addition to substantial probate assets, a married man with two minor children has a $1,000,000 ordinary life insurance policy payable to his estate. He wants to make certain that if he predeceases his wife the death proceeds will be available to provide income for his wife during her lifetime and to provide for their two children after her death. He would like the policy and/or its death proceeds to be as free of federal gift and estate taxes as possible with respect to both him and his wife. Which of the following courses of action would best accomplish these objectives?

• A.Assign the policy to his wife who will establish a revocable intervivos trust to receive the death proceeds
• B.Establish a revocable intervivos trust and designate the trustee to receive death proceeds
• C.Designate his wife as beneficiary and she will establish a testamentary trust in her will to receive the proceeds at her subsequent death
• D.Assign the policy to an irrevocable intervivos trust with five and five powers and designate the trustee to receive the death proceeds

A father died leaving his property equally to his wealthy son and his poor daughter. The son wishes to disclaim his share of the inheritance so that it will pass to his sister without his incurring any gift tax liability. In this situation, all the following acts on the part of the son are required EXCEPT:

• A.He must not have received any part of his inheritance or any income from it prior to his refusal to accept it.
• B.His refusal to accept the inheritance must direct specifically that his sister is to receive it instead.
• C.His refusal to accept the inheritance must be in writing.
• D.His refusal to accept the inheritance must be received by the executor of his father's estate within 9 months of his father's death.