[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"detail-sidebar-cat-0-en-105":3,"doc-seo-320435-105":59,"doc-detail-320435-en":131},{"code":4,"msg":5,"data":6},0,"success",[7,13,18,23,28,33,38,43,48,51,55],{"id":8,"doc_module":4,"doc_module_name":9,"category_name":10,"show_sort_weight":11,"slug":12},1,"Document","Story & Novel",90,"story-novel",{"id":14,"doc_module":4,"doc_module_name":9,"category_name":15,"show_sort_weight":16,"slug":17},2,"Literature",80,"literature",{"id":19,"doc_module":4,"doc_module_name":9,"category_name":20,"show_sort_weight":21,"slug":22},4,"Exam",70,"exam",{"id":24,"doc_module":4,"doc_module_name":9,"category_name":25,"show_sort_weight":26,"slug":27},5,"Comic",60,"comic",{"id":29,"doc_module":4,"doc_module_name":9,"category_name":30,"show_sort_weight":31,"slug":32},6,"Technology",50,"technology",{"id":34,"doc_module":4,"doc_module_name":9,"category_name":35,"show_sort_weight":36,"slug":37},7,"Healthcare",40,"healthcare",{"id":39,"doc_module":4,"doc_module_name":9,"category_name":40,"show_sort_weight":41,"slug":42},8,"Research & Report",30,"research-report",{"id":44,"doc_module":4,"doc_module_name":9,"category_name":45,"show_sort_weight":46,"slug":47},9,"Religion & Spirituality",20,"religion-spirituality",{"id":46,"doc_module":4,"doc_module_name":9,"category_name":49,"show_sort_weight":46,"slug":50},"World Cup","world-cup",{"id":52,"doc_module":4,"doc_module_name":9,"category_name":53,"show_sort_weight":52,"slug":54},10,"Lifestyle","lifestyle",{"id":56,"doc_module":4,"doc_module_name":9,"category_name":57,"show_sort_weight":24,"slug":58},19,"General","general",{"code":4,"msg":60,"data":61},"ok",{"site_id":62,"language":63,"slug":64,"title":65,"keywords":66,"description":67,"schema_data":68,"social_meta":124,"head_meta":126,"extra_data":128,"updated_unix":130},105,"en","sample-exam-questions","Sample Exam Questions","","A set of sample multiple-choice exam questions and answer keys intended as a helpful guide for applicants, not a substitute for self-study. Questions cover drafting and administration of trusts and estates, including charitable remainder annuity trusts, handling unpaid life insurance commissions, valuation of taxable gifts, joint personal representatives and estate transactions, beneficiary determination under wills, homestead election rules for surviving spouses, and related legal issues involving creditors and tenancy in common. Answers cite specific legal authorities.",{"@graph":69,"@context":123},[70,84,106],{"@type":71,"itemListElement":72},"BreadcrumbList",[73,77,79,82],{"item":74,"name":75,"@type":76,"position":8},"https://docshare.wps.com","Home","ListItem",{"item":78,"name":9,"@type":76,"position":14},"https://docshare.wps.com/document/",{"item":80,"name":20,"@type":76,"position":81},"https://docshare.wps.com/document/exam/",3,{"item":83,"name":65,"@type":76,"position":19},"https://docshare.wps.com/document/sample-exam-questions/320435/",{"url":83,"name":65,"@type":85,"image":86,"author":91,"headline":65,"publisher":94,"fileFormat":97,"inLanguage":63,"description":67,"dateModified":98,"datePublished":99,"encodingFormat":97,"isAccessibleForFree":100,"interactionStatistic":101},"DigitalDocument",{"url":87,"@type":88,"width":89,"height":90},"https://docshare.wps.com/thumbnails/sample-exam-questions/320435.png","ImageObject",300,407,{"name":92,"@type":93},"Pentious","Person",{"url":74,"name":95,"@type":96},"DocShare","Organization","application/pdf","2026-11-01","2026-09-21",true,{"@type":102,"interactionType":103,"userInteractionCount":105},"InteractionCounter",{"@type":104},"ViewAction",15,{"@type":107,"mainEntity":108},"FAQPage",[109,115,119],{"name":110,"@type":111,"acceptedAnswer":112},"Are these sample questions enough to rely on for exam preparation?","Question",{"text":113,"@type":114},"They are provided only as a helpful guide and should not be overly relied upon. They are not a substitute for self-study and experience.","Answer",{"name":116,"@type":111,"acceptedAnswer":117},"What does the Board Certification Committee do with examination questions?",{"text":118,"@type":114},"It annually reviews, updates, and creates actual examination questions to ensure the exam accurately tests the relevant subject areas.",{"name":120,"@type":111,"acceptedAnswer":121},"Which topics do the sample questions cover?",{"text":122,"@type":114},"They cover wills, trusts, estates administration, including charitable remainder trusts, taxable treatment of commissions, taxable gifts, personal representative actions, beneficiary outcomes, and homestead-related election rules.","https://schema.org",{"og:url":83,"og:type":125,"og:title":65,"og:site_name":95,"og:description":67},"article",{"robots":127,"canonical":83},"index,follow",{"doc_id":129,"site_id":62},320435,1790209433,{"code":4,"msg":5,"data":132},{"doc_id":129,"user_id":133,"nickname":92,"user_avatar":134,"doc_module":4,"category_id":19,"category_name":20,"doc_title":65,"doc_description":67,"doc_content":135,"file_id":136,"file_url":137,"file_type":138,"file_size":139,"view_count":105,"is_deleted":4,"is_public":8,"is_downloadable":8,"audit_status":8,"page_count":46,"language":140,"language_code":63,"site_id":62,"html_lang":63,"table_of_contents":141,"faqs":142,"seo_title":143,"seo_description":67,"update_tm":144,"read_time":31,"preview_page_count":4},1374404730887,"https://ap-avatar.wpscdn.com/davatar_6f874abed73319feea01a86fa6f0fab8","These questions are provided only as a helpful guide to Applicants. They should not be overly relied upon and are not a substitute for self-study and experience. The Board Certification Committee annually reviews, updates, and creates actual examination questions in an effort to ensure that the examination accurately tests those areas embraced by the Wills, Trusts, and Estates Certification Committee. Good luck on the exam.  \nSample Multiple Choice Questions (1-10)  \n1. Which of the following is correct with regards to drafting a lifetime charitable remainder annuity trust?  \n(a) The interest retained by the donor must be an annuity of 10% or more of the initial trust value.  \n(b) The charitable remainder beneficiary may be the trustee.  \n(c) The donor may retain the power to direct investments.  \n(d) Multiple income beneficiaries are allowed, but a charity may not be an income beneficiary.  \nAnswer: B. IRC§ 664(d)(1): Treas. Reg. § 1.664-1 and 1.664-2  \n2. W is a life insurance agent. Her assets consist of residual sales commissions amounting to over $700,000 . What kind of formula should be used to pass the unpaid commissions to W's beneficiaries without immediate recognition of taxable income?  \n(a) Pecuniary formula  \n(b) Fractional formula  \n(c) There will be no income tax regardless of the type of devise.  \n(d) There will be the immediate recognition of income tax regardless of the type of devise.  \nAnswer: B. IRC§691(a)(2) .  \n3. D funds an irrevocable trust with $100,000 . The trust states that funds are to be used solely for tuition expenses incurred by D's three grandchildren at educational organizations as described in IRC §170(b)(1)(A)(ii) . The trustee is directed to make tuition payments directly to the educational organizations which the grandchildren attend. No additional gifts were made by D. What is the total taxable gift made by D?  \n(a) $0.  \n(b) $67,000 .  \n(c) $89,000 .  \n(d) $100,000 .  \nAnswer: D. Reg. §25.2503-6(c) Example (2) .  \n4. D executed his will on July 1, 2021. By Codicil executed December 30. 2023 , D appointed three individuals as joint personal representatives. The personal representatives jointly executed a contract to purchase securities for the estate, notwithstanding the prior written objection of one personal representative delivered to the other two. The dissenting personal representative joined in execution of the contract on direction of the majority. Which of the following statements is correct?  \n(a) The transaction may be set aside upon petition by an interested person because the concurrence of all joint personal representatives is required on all acts connected with administration and distribution of the estate.  \n(b) Notwithstanding her written dissent, the dissenting personal representative may be held equally liable for the consequences of the purchase because she joined in execution of the contract and she will have no recourse against her co-personal representatives.  \n(c) Notwithstanding her written dissent, the dissenting personal representative may be held equally liable for the consequences of the purchase because she joined in the execution of the contract. However, she may recover any surcharge against her from her co-personal representatives.  \n(d) The dissenting personal representative will not be held liable for consequences of the act.  \nAnswer: D. Fla. Stat. §733.615.  \n5. D executed a will in 2020 which provides as follows:  \n\"Upon my death, my personal representative shall distribute one-half of my estate to my brothers, B1 and B2, and the other half of my estate in equal shares to my friends, F1 and F2 .\"  \nB2 died in 2021. F1 died in 2022.  \nD died in 2023 . At the time of his death, D was survived by F2, B1, and the children of B2 and F1 . D had no surviving wife or children.  \nWhich of the following is correct?  \n(a) F1's children will be beneficiaries of D’s estate, but B2’s children will not.  \n(b) B2's children will be beneficiaries of D’s estate, but F","cbCaialBd6wauJot","https://ap.wps.com/l/cbCaialBd6wauJot","pdf",195484,"English","# Sample Multiple Choice Questions\n## Trusts, annuities, and tax treatment\n## Wills, estates, representatives, and liability\n## Beneficiary distributions and homestead rules","[{\"question\":\"Are these sample questions enough to rely on for exam preparation?\",\"answer\":\"They are provided only as a helpful guide and should not be overly relied upon. They are not a substitute for self-study and experience.\"},{\"question\":\"What does the Board Certification Committee do with examination questions?\",\"answer\":\"It annually reviews, updates, and creates actual examination questions to ensure the exam accurately tests the relevant subject areas.\"},{\"question\":\"Which topics do the sample questions cover?\",\"answer\":\"They cover wills, trusts, estates administration, including charitable remainder trusts, taxable treatment of commissions, taxable gifts, personal representative actions, beneficiary outcomes, and homestead-related election rules.\"}]","Sample Exam Questions | PDF",1789949927]