Waldo is his mother's sole heir and is the designated executor of her estate. Although the alternate valuation date would yield a smaller gross estate and less estate tax liability, the election is not made. Instead, Waldo files a Form
706 for his mother's estate using higher date of death values. Why?

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The Answer of Waldo is his mother's sole heir and is the designated executor of her estate. Although the alternate valuation date would yield a smaller gross estate and less estate tax liability, the election is not made. Instead, Waldo files a Form
706 for his mother's estate using higher date of death values. Why?

Waldo Is His Mother's Sole Heir and Is the Designated