Under what circumstances may an executor elect an alternative valuation date of six months after death rather than the date of death itself?

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Quizplus · Accepted Answer

An executor may elect an alternative valuation date of six months after death rather than the date of death itself if it results in both the value of the gross estate and the Federal estate tax imposed decreasing. This option can be beneficial in reducing the overall estate tax liability.

Under What Circumstances May an Executor Elect an Alternative Valuation