American College HS330 Questions & Answers - in .pdf
- Total Q&A: 400
- Update: Aug 15, 2026
- Price: $49.99
- Vendor: American College
- Exam Code: HS330
- Exam Name: Fundamentals of Estate Planning test
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American College HS330 Q&A - Testing Engine
- Total Q&A: 400
- Update: Aug 15, 2026
- Price: $49.99
- Vendor: American College
- Exam Code: HS330
- Exam Name: Fundamentals of Estate Planning test
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.American College HS330 Exam Overview:
| Certification Vendor: | The American College of Financial Services |
| Exam Name: | Fundamentals of Estate Planning |
| Exam Number: | HS330 |
| Related Certifications: | Chartered Financial Consultant (ChFC) |
| Exam Format: | Multiple Choice, Scenario-Based Questions, Application-Based Questions |
| Available Languages: | English |
| Sample Questions: | American College HS330 Sample Questions |
| Exam Way: | Online and institution-approved testing methods as determined by The American College of Financial Services. |
| Pre Condition: | Typically taken as part of the Chartered Financial Consultant (ChFC) curriculum; specific prerequisite examination requirements are not publicly specified. |
| Official Syllabus URL: | https://www.theamericancollege.edu/ |
American College HS330 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Legal Principles | - Legal Principles
|
| Estate Planning Concepts | - Estate Planning Concepts
|
| Financial Planning Strategies | - Financial Planning Strategies
|
| Tax Laws | - Tax Laws
|
American College Fundamentals of Estate Planning test Sample Questions:
1. 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) Both 1 and 2
B) 2 only
C) 1 only
D) Neither 1 nor 2
2. 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
3. All the following statements concerning wills are correct EXCEPT:
A) Once a person is named as an executor in awill, he or she is required to serve.
B) A codicil is a valid modification of a will.
C) In most states a surviving spouse can elect against a will that completely disinherits him or her.
D) A testator may lose the capacity to revoke a will prior to death.
4. Many trust instruments provide for the removal of the original trustee. All the following are valid reasons for removal of a trustee EXCEPT:
A) The beneficiary has been successful with investments and wants to manage the trust assets.
B) The beneficiary has moved his or her residence to a distant state.
C) The beneficiary is not able to get along with the present corporate trustee.
D) A shift in trustsitus is desirable because of changes in law.
5. In which of the following situations will the grantor be taxed on income from trust property.
1.The grantor of a trust gives one of the trust beneficiaries the right to add or delete beneficiaries.
2.An adverse party to the grantor holds the power to determine the timing of trust distributions to the beneficiaries.
A) Both 1 and 2
B) 2 only
C) 1 only
D) Neither 1 nor 2
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: B | Question # 3 Answer: A | Question # 4 Answer: A | Question # 5 Answer: D |
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