The executor can elect the alternative valuation date only if both the value of the estate and the estate tax are reduced.

Name: The executor can elect the alternative valuation date only if both the value of the estate and the estate tax are reduced.
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The executor can elect the alternative valuation date only if doing so reduces both the value of the gross estate and the estate tax liability, thereby benefiting the estate and its beneficiaries.

The Executor Can Elect the Alternative Valuation Date Only If