American College Exam HS330 Topic 1 Question 108 Discussion

Actual exam question for American College's HS330 exam

Question #: 108
Topic #: 1

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:

AHis refusal to accept the inheritance must direct specifically that his sister is to receive it instead.

BHis refusal to accept the inheritance must be in writing.

CHis refusal to accept the inheritance must be received by the executor of his father's estate within 9 months of his father's death.

DHe must not have received any part of his inheritance or any income from it prior to his refusal to accept it.

Show Suggested Answer

Suggested Answer: D

by Nobuko at Mar 07, 2025, 08:13 PM

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Isadora

26 days ago

This question is like a puzzle! I bet the answer is 'A', since the son's refusal to accept the inheritance doesn't need to specify that his sister is the recipient. That would be overkill.

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Johna

12 days ago

A) His refusal to accept the inheritance must direct specifically that his sister is to receive it instead.

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Sang

28 days ago

Okay, let me think this through. The son can't have received any part of the inheritance or income from it before refusing to accept it. That makes sense to avoid any potential tax implications.

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Nobuko

1 months ago

Haha, the son must be really eager to give his inheritance to his sister! I wonder if he's just tired of his dad's money or if there's some sibling rivalry going on.

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Helene

8 days ago

D) He must not have received any part of his inheritance or any income from it prior to his refusal to accept it.

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Lavonna

10 days ago

C) 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.

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Stevie

14 days ago

B) His refusal to accept the inheritance must be in writing.

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Leonida

15 days ago

A) His refusal to accept the inheritance must direct specifically that his sister is to receive it instead.

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Brandon

1 months ago

Hmm, I'm not sure about this one. I need to double-check the tax laws and estate planning principles to make sure I have the right approach.

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Caprice

18 days ago

C: He must not have received any part of his inheritance before refusing.

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Lizette

19 days ago

B: It must be received by the executor within 9 months.

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Ruthann

1 months ago

A: The refusal must be in writing.

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Craig

2 months ago

Wow, this is a tricky one! I think the key here is understanding the requirements for the son to disclaim his inheritance without incurring gift tax liability. It's important to pay attention to the 'EXCEPT' part of the question.

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