Under the alternate valuation date election, each asset in the gross estate is valued at the lesser of the date of death value or six months thereafter.

Question

Quizplus · Accepted Answer

Under the alternate valuation date election, each asset in the gross estate is valued either at its date of death value or its value six months after the date of death, not necessarily the lesser of the two. The entire estate is revalued at the later date, and the election is made to potentially reduce estate taxes if the value of the assets has decreased.

Under the Alternate Valuation Date Election, Each Asset in the Gross