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American College HS330 Exam Questions

Exam Name: Fundamentals of Estate Planning test
Exam Code: HS330
Related Certification(s): American College Chartered Financial Consultant ChFC Certification
Certification Provider: American College
Number of HS330 practice questions in our database: 400 (updated: Apr. 11, 2025)
Expected HS330 Exam Topics, as suggested by American College :
  • Topic 1: Estate Planning Concepts: Professionals who want to validate their skills in financial planning and legal industries through the HS330 exam must cover sub-topics related to asset protection strategies, trusts, wills, and probate.
  • Topic 2: Legal Principles: This topic of the American College Fundamentals of Estate Planning exam focuses on contract law, property law, estate planning, and trust law. Professionals in the financial planning and legal industries must demonstrate their proficiency in identifying potential legal issues and creating effective estate planning documents.
  • Topic 3: Tax Laws: In this topic, aspiring American College financial planning and legal industries professionals learn about complex tax laws. These laws are related to gift and estate, and estate planning.
  • Topic 4: Financial Planning Strategies: This topic of the HS330 exam is all about financial planning strategies. The exam covers investment planning, risk management, and asset allocation.
Disscuss American College HS330 Topics, Questions or Ask Anything Related
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Temeka

6 days ago
Pass4Success made all the difference in my Estate Planning exam prep. Passed with confidence!
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Hermila

13 days ago
Questions on incapacity planning were included. Study advance directives, living wills, and HIPAA authorizations. Pass4Success's materials covered this well!
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Marisha

28 days ago
Estate planning for blended families was a key topic. Know strategies for balancing interests of current spouse and children from previous marriages.
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Jaclyn

1 months ago
Thrilled to have passed! Pass4Success's exam prep was invaluable for the ACC test.
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Gennie

1 months ago
The exam had several questions on business succession planning. Understand buy-sell agreements, family limited partnerships, and valuation discounts.
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Glendora

2 months ago
Charitable giving strategies were featured prominently. Study charitable remainder trusts, charitable lead trusts, and donor-advised funds. Pass4Success's practice exams really helped here!
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Shayne

2 months ago
Estate Planning certification achieved! Pass4Success's relevant questions were key to my success.
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Ahmad

2 months ago
Life insurance was a big topic. Be ready to compare different types of policies and their estate planning implications. Know how life insurance trusts work!
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Nadine

3 months ago
Thrilled to have passed the exam! Pass4Success was a great resource. A challenging question was about the differences between tenancy in common and joint tenancy under Legal Principles. I had to think about the right of survivorship, but I made it.
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Rory

3 months ago
Property ownership questions caught me off guard. Make sure you understand joint tenancy, tenancy in common, and community property rules. Thanks to Pass4Success for covering this in their prep materials!
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Ceola

3 months ago
Passed the ACC exam with flying colors! Pass4Success provided excellent prep in a short time.
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Twanna

3 months ago
The exam tested heavily on powers of attorney. Know the different types and their limitations. Study durable vs. non-durable POAs and healthcare proxies.
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Vi

4 months ago
Gift tax questions were prevalent. Be prepared to calculate annual exclusion amounts and lifetime exemptions. Pass4Success had great practice problems on this topic!
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Lindsey

4 months ago
I passed the exam, and Pass4Success practice questions were very useful. One question that I found difficult was about the generation-skipping transfer tax under Tax Laws. I wasn't clear on the exemptions, but I still passed.
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Annalee

4 months ago
Grateful for Pass4Success! Their practice questions made passing the Estate Planning exam a breeze.
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William

4 months ago
Don't underestimate the importance of probate! There were multiple questions about probate process and ways to avoid it. Understand the pros and cons of probate avoidance techniques.
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Ines

4 months ago
Just passed the exam, and Pass4Success was instrumental in my success. There was a question on the best financial planning strategy for a high-net-worth individual. I was unsure about the use of life insurance in estate planning, but I got through.
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Ressie

5 months ago
I passed the estate planning exam, and Pass4Success was a big help. One question that puzzled me was about the legal requirements for a valid will under Legal Principles. I wasn't sure about the witness requirements, but I managed to pass.
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Ruthann

5 months ago
Heads up on estate tax calculations! The exam had several problems where you had to determine the taxable estate. Review the current exemption amounts and how to calculate estate tax liability.
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Elke

5 months ago
Pass4Success nailed it! Their exam questions were spot-on for the ACC: Fundamentals of Estate Planning test.
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Truman

5 months ago
Happy to share that I passed the exam! Pass4Success practice questions were spot on. I remember a tough question about the gift tax annual exclusion under Tax Laws. I was unsure about the exact amount and its application, but I still succeeded.
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Julio

6 months ago
Just passed the American College Certified: Fundamentals of Estate Planning exam! The questions on trusts were tricky. Make sure to study different types of trusts and their tax implications. Pass4Success really helped me prepare with their relevant practice questions!
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Ellen

6 months ago
I passed the exam with flying colors, thanks to Pass4Success. One challenging question was about the differences between revocable and irrevocable trusts under Estate Planning Concepts. I had to think hard about the control and tax benefits, but I made it.
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Dorothy

6 months ago
Aced the Estate Planning test! Thanks to Pass4Success for the quick and effective prep materials.
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Lajuana

6 months ago
Sounds like a comprehensive exam. Any final tips for future test-takers?
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Yuonne

6 months ago
Just cleared the estate planning exam, and Pass4Success was a lifesaver! There was a tricky question on how to structure a Charitable Remainder Trust under Financial Planning Strategies. I wasn't confident about the tax implications, but I still got through.
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Stephaine

7 months ago
My biggest tip would be to use quality study materials like those from Pass4Success. Their practice questions really mirrored the exam's style and depth. Also, be prepared for scenario-based questions that test your ability to apply concepts to real-world situations.
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Silvana

7 months ago
I recently passed the American College Fundamentals of Estate Planning test, and I must say, the Pass4Success practice questions were incredibly helpful. One question that stumped me was about the Rule Against Perpetuities under Legal Principles. I wasn't entirely sure how to apply it in a given scenario, but I managed to pass the exam nonetheless.
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Derick

7 months ago
Just passed the ACC: Fundamentals of Estate Planning exam! Pass4Success was a lifesaver with their relevant practice questions.
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Levi

9 months ago
Just passed the ACC: Fundamentals of Estate Planning exam! One key topic was gift tax exclusions. Expect questions on annual and lifetime exemption amounts. Study the current limits and how they affect estate planning strategies. Thanks to Pass4Success for the spot-on practice questions that helped me prepare quickly!
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Free American College HS330 Exam Actual Questions

Note: Premium Questions for HS330 were last updated On Apr. 11, 2025 (see below)

Question #1

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

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Correct Answer: D

Question #2

On January 1, 2004 a father gave his daughter a $200,000 straight (ordinary) life insurance policy on his life. Premiums are paid annually. The pertinent facts about the policy are:

Date of issue: July 1, 1992

Premium paid on July 1, 2003 $3200

Terminal reserve on July 1, 2003 20,000

Terminal reserve on July 1, 2004 24,000

What is the value of the policy for federal gift tax purposes?

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Correct Answer: C

Question #3

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:

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Correct Answer: A

Question #4

Transactions involving a taxable gift include which of the following?

1. A father bought real estate, paid the entire $180,000 purchase price, and titled it jointly with his son with right of survivorship.

2. A father deposited $50,000 in a bank account titled jointly with his daughter with right of survivorship and died before any funds were withdrawn from the account.

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Correct Answer: A

Question #5

All the following statements concerning property ownership by a married couple residing in a community-property state are correct EXCEPT:

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Correct Answer: B

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