Question 1
What is the basic exclusion amount (the amount sheltered by the unified credit) against federal estate and gift tax for a decedent dying or a donor making gifts in 2026?
Correct Answer:
$$15,000,000
Question 2
In 2026 a donor gives $34,000 outright to an unrelated friend. How much of this gift is a taxable gift after applying the gift tax annual exclusion?
Correct Answer:
$$15,000
Question 3
A gift in trust gives the beneficiary no current right to income or principal until age 30. For gift tax purposes, this transfer is characterized as a gift of:
Correct Answer:
A future interest not qualifying for the annual exclusion
Question 4
What is the highest marginal federal estate and gift tax rate applied to cumulative taxable transfers in 2026?
Correct Answer:
40%
Question 5
Property titled as joint tenancy with right of survivorship between two non-spouses passes at the first owner's death by:
Correct Answer:
Operation of law to the surviving joint tenant
Question 1
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About this Exam

Prepare with the HS 330 Practice Questions - HS 330 Fundamentals of Estate Planning Exam practice quiz. This question bank includes 100 questions covering estate, gift, property, trust, and decedent. Use it to review important concepts, identify knowledge gaps, and build confidence for the related exam, course, or assessment.

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HS 330 Practice Questions - HS 330 Fundamentals of Estate Planning Exam

This practice set contains 100 questions from the matching question bank and focuses on estate, gift, property, trust, and decedent. Work through each question carefully, review the provided solutions, and revisit topics that need more study before your next attempt.

This is an independent study resource intended for practice and review; it is not an official examination or an endorsement by any organization named in the title.

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