Assets are included in the estate at their fair value on the date of death or on an alternate valuation date, if elected.

Question

Quizplus · Accepted Answer

This is true according to estate tax laws in the United States. Assets in an estate are included at their fair market value on the date of death or at an alternate valuation date selected by the executor of the estate, but the value used should be consistent for all assets.

Assets Are Included in the Estate at Their Fair Value