Under What Circumstances May an Executor Elect an Alternative Valuation

question 43

Multiple Choice

Under what circumstances may an executor elect an alternative valuation date of six months after death rather than the date of death itself?

• A)The resulting value of the gross estate and the Federal estate tax imposed both increase.
• B)The resulting value of the gross estate and the Federal estate tax imposed both decrease.
• C)The resulting value of the gross estate increases.
• D)None of the above

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Definitions:

John Watson

An American psychologist who established the psychological school of behaviorism, emphasizing the study of observable behavior.

Abraham Maslow

An American psychologist known for creating Maslow's hierarchy of needs, a theory of psychological health predicated on fulfilling innate human needs in priority, culminating in self-actualization.

Carl Jung

A Swiss psychiatrist and psychoanalyst who founded analytical psychology, known for his theories of the Collective Unconscious and archetypes.

Superego

A component of Sigmund Freud's psychoanalytic theory, representing the moral conscience and the internalization of societal norms and values.