Daniel's will provides that all of his property passes to a trust,life estate to his wife,remainder to charity.If Daniel's executor does not make a QTIP election,the use of the alternate valuation date is possible.

Question

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If the executor does not make a QTIP election, then the trust would not qualify for the marital deduction and would be subject to tax. Using the alternate valuation date could potentially lower the value of the assets and therefore decrease the tax owed.

Daniel's Will Provides That All of His Property Passes to a Trust,life