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

question 159

Essay

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 § 2032 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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Definitions:

Oxygenated Hemoglobin

Hemoglobin in the blood that has bound to oxygen molecules, indicating it is carrying oxygen to body tissues.

Infant Language

The process and stages by which young children acquire the ability to perceive, comprehend, and produce spoken language.

Neuropsychology

Study of the relationships between brain function and behavior, especially in humans.

Neurology

The branch of medicine dealing with disorders of the nervous system.