TAX3703 TAXATION OF ESTATES EXAM LATEST
2026 WITH ACTUAL QUESTIONS AND
CORRECT VERIFIED ANSWERS GRADED A+
◉Who is the taxpayer in the estate taxation? Answer: Estate Tax
◉What are the three Elements of Succession. Answer: -Decedent
-Heir
-Estate
◉The person whose property is transmitted through succession, whether
or not he left a will. Answer: Decedent
◉The person called to the succession either by the provision of a will or
by operation of law. Answer: Heir
◉Refers to all the property, rights and obligations of a person which are
not extinguished by his death . Answer: Estate
◉A person who has made a will or given a legacy. Answer: Testator
, ◉Kinds of Succession. Answer: -Testamentary / Vouluntary Succession
-Legal / Intestate / Involuntary Succession
-Mixed Succession
◉Transmission of properties where there is no will, or if there is a will,
the same is void or lost its validity, or nobody succeeds in the will.
Answer: Legal / Intestate / Involuntary Succession
◉Succession which results from the designation of an heir, made in a
will executed in the form prescribed by law. Answer: Testamentary /
Vouluntary Succession
◉Transmission of properties, which is effected partly by will and partly
by operation of law. Answer: Mixed Succession
◉An heir to a particular personal property given by virtue of a will.
Answer: Legatee
◉An heir to a particular real property given by virtue of a will. Answer:
Devisee
◉Is the person nominated by a testator to carry out the directions and
request in his will and to dispose of his property according to his
testamentary provisions after his death. Answer: Executor
2026 WITH ACTUAL QUESTIONS AND
CORRECT VERIFIED ANSWERS GRADED A+
◉Who is the taxpayer in the estate taxation? Answer: Estate Tax
◉What are the three Elements of Succession. Answer: -Decedent
-Heir
-Estate
◉The person whose property is transmitted through succession, whether
or not he left a will. Answer: Decedent
◉The person called to the succession either by the provision of a will or
by operation of law. Answer: Heir
◉Refers to all the property, rights and obligations of a person which are
not extinguished by his death . Answer: Estate
◉A person who has made a will or given a legacy. Answer: Testator
, ◉Kinds of Succession. Answer: -Testamentary / Vouluntary Succession
-Legal / Intestate / Involuntary Succession
-Mixed Succession
◉Transmission of properties where there is no will, or if there is a will,
the same is void or lost its validity, or nobody succeeds in the will.
Answer: Legal / Intestate / Involuntary Succession
◉Succession which results from the designation of an heir, made in a
will executed in the form prescribed by law. Answer: Testamentary /
Vouluntary Succession
◉Transmission of properties, which is effected partly by will and partly
by operation of law. Answer: Mixed Succession
◉An heir to a particular personal property given by virtue of a will.
Answer: Legatee
◉An heir to a particular real property given by virtue of a will. Answer:
Devisee
◉Is the person nominated by a testator to carry out the directions and
request in his will and to dispose of his property according to his
testamentary provisions after his death. Answer: Executor
