Rachel Owned Four Assets When She Died in 2017

question 51

Essay

Rachel owned four assets when she died in 2017.
Asset Date of Death Value Alternate Date Valuation
A $1,160,000 $1,180,000
B 2,200,000 2,390,000
C 3,250,000 3,310,000
D 825,000 700,000
Which value should the executor or personal representative use for valuing the gross estate? Explain.

---

Definitions:

Edward Snowden

A former National Security Agency contractor who disclosed to the public extensive internet and phone surveillance by US intelligence.

German Chancellor

The head of government in Germany, responsible for setting policy direction and leading the executive branch.

French President

is the head of state of France, elected by the public for a five-year term, and is responsible for determining the country's policies and direction, in conjunction with the government.

American Exceptionalism

The belief that the United States has a special mission to serve as a refuge from tyranny, a symbol of freedom, and a model for the rest of the world.