922 お客様のコメント
質問 1：
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. Establish a revocable intervivos trust and designate the trustee to receive death proceeds
B. Assign the policy to an irrevocable intervivos trust with five and five powers and designate the trustee to receive the 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 his wife who will establish a revocable intervivos trust to receive the death proceeds
正解：B
質問 2：
Tax benefits of making lifetime gifts in excess of the gift tax annual exclusion include which of the following?
1.The gift tax paid on a gift made more than 3 years prior to the death of the donor is not brought back into the donor's estate.
2.Such gifts make use of the lifetime applicable credit amount against gift taxes which is wasted if the property is retained until the donor's death.
A. 2 only
B. 1 only
C. Neither 1 nor 2
D. Both 1 and 2
正解：B
質問 3：
Which of the following members of the estate planning team is responsible for assuring that the client's intentions are expressed in documents that will carry out the final plan?
A. The investment counselor
B. The lawyer
C. The life underwriter
D. The trust officer
正解：B
質問 4：
The owner of a successful business wishes to sell it to his employee-son so that he can retire. The business is worth substantially more than the owner's basis. The owner and the employee-son have agreed to an installment sale. Which of the following statements concerning this sale is (are) correct?
1.The present value of any unpaid installments remaining at the owner's death is includible in his estate.
2.Installment payments are received free of income tax until the seller recovers his basis.
A. 2 only
B. 1 only
C. Neither 1 nor 2
D. Both 1 and 2
正解：B
質問 5：
A man died in February of this year. Last year, when he learned that he has a terminal illness, he immediately made the following gifts and filed the required gift tax return:
Fair Market Value
*Gift of listed stock to a
*qualified charity $150,000
*Gift of listed bonds to his wife 200,000
*Gift of a boat to his son 5,000
*Gift of a sports car to his daughter 5,000
What amount must be brought back to the man's estate as an adjusted taxable gift in the calculation of his federal estate taxes?
A. 0
B. $150,000
C. $360,000
D. $190,000
正解：A
質問 6：
All the following statements concerning revocable trusts are correct EXCEPT:
A. Property transferred to a revocable trust typically avoids being included in the probate estate of the grantor.
B. A transfer to a revocable trust changes the income tax picture of the grantor.
C. Revocable trusts are created and operate before the death of thesettlor.
D. A transfer to a revocable trust is treated as an incomplete gift for gift tax purposes.
正解：B
質問 7：
The personal representative of a decedent has the duty to file which of the following income tax returns?
1.The decedent's final income tax return
2.The estate's income tax return
A. 2 only
B. 1 only
C. Neither 1 nor 2
D. Both 1 and 2
正解：D
質問 8：
A man recently died with only probate assets. Under the terms of his will, he left his entire probate estate outright to his wife. The following are relevant facts about the estate:
*Gross estate $2,000,000
*Estate administration expenses 50,000
*Debts of decedent 200,000
*Allowable funeral expenses 5,000
A. $1,750,000
B. $1,745,000
C. $1,800,000
The amount of the allowable marital deduction is
D. $1,795,000
正解：B
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. Establish a revocable intervivos trust and designate the trustee to receive death proceeds
B. Assign the policy to an irrevocable intervivos trust with five and five powers and designate the trustee to receive the 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 his wife who will establish a revocable intervivos trust to receive the death proceeds
正解：B
質問 2：
Tax benefits of making lifetime gifts in excess of the gift tax annual exclusion include which of the following?
1.The gift tax paid on a gift made more than 3 years prior to the death of the donor is not brought back into the donor's estate.
2.Such gifts make use of the lifetime applicable credit amount against gift taxes which is wasted if the property is retained until the donor's death.
A. 2 only
B. 1 only
C. Neither 1 nor 2
D. Both 1 and 2
正解：B
質問 3：
Which of the following members of the estate planning team is responsible for assuring that the client's intentions are expressed in documents that will carry out the final plan?
A. The investment counselor
B. The lawyer
C. The life underwriter
D. The trust officer
正解：B
質問 4：
The owner of a successful business wishes to sell it to his employee-son so that he can retire. The business is worth substantially more than the owner's basis. The owner and the employee-son have agreed to an installment sale. Which of the following statements concerning this sale is (are) correct?
1.The present value of any unpaid installments remaining at the owner's death is includible in his estate.
2.Installment payments are received free of income tax until the seller recovers his basis.
A. 2 only
B. 1 only
C. Neither 1 nor 2
D. Both 1 and 2
正解：B
質問 5：
A man died in February of this year. Last year, when he learned that he has a terminal illness, he immediately made the following gifts and filed the required gift tax return:
Fair Market Value
*Gift of listed stock to a
*qualified charity $150,000
*Gift of listed bonds to his wife 200,000
*Gift of a boat to his son 5,000
*Gift of a sports car to his daughter 5,000
What amount must be brought back to the man's estate as an adjusted taxable gift in the calculation of his federal estate taxes?
A. 0
B. $150,000
C. $360,000
D. $190,000
正解：A
質問 6：
All the following statements concerning revocable trusts are correct EXCEPT:
A. Property transferred to a revocable trust typically avoids being included in the probate estate of the grantor.
B. A transfer to a revocable trust changes the income tax picture of the grantor.
C. Revocable trusts are created and operate before the death of thesettlor.
D. A transfer to a revocable trust is treated as an incomplete gift for gift tax purposes.
正解：B
質問 7：
The personal representative of a decedent has the duty to file which of the following income tax returns?
1.The decedent's final income tax return
2.The estate's income tax return
A. 2 only
B. 1 only
C. Neither 1 nor 2
D. Both 1 and 2
正解：D
質問 8：
A man recently died with only probate assets. Under the terms of his will, he left his entire probate estate outright to his wife. The following are relevant facts about the estate:
*Gross estate $2,000,000
*Estate administration expenses 50,000
*Debts of decedent 200,000
*Allowable funeral expenses 5,000
A. $1,750,000
B. $1,745,000
C. $1,800,000
The amount of the allowable marital deduction is
D. $1,795,000
正解：B
工藤** -
一生懸命頑張ってよかったです！無事にHS330を合格できました！本当に有難うございました。