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:

Evolutionary Basis

The foundation of a trait, behavior, or structure that is rooted in the process of natural selection and adaptation over time.

Mate Selection

The process by which individuals choose partners with whom to form a romantic relationship, often influenced by personal preferences, societal norms, and genetic factors.

Research Evidence

consists of findings from systematic investigation and analysis that support or refute hypotheses, theories, or practices.

Sensitivity to Stimulation

A trait describing individuals who experience a deeper or more intense response to external sensory stimuli.