If the Executor of a Decedent's Estate Elects the Alternate

question 39

Multiple Choice

If the executor of a decedent's estate elects the alternate valuation date and none of the estate's property is sold or distributed, the estate's assets are valued as of how many months after the date of death?

• A) 0, date of death is the correct valuation date.
• B) 3 months.
• C) 6 months.
• D) 9 months.
• E) 12 months.

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Definitions:

Strategic Plans

Long-term, detailed action plans designed to achieve an organization's goals and objectives.

Organisational Objectives

Defined goals and aims that a business or an organization seeks to achieve, guiding its strategy and operational activities.

Mitigation Planning

The process of developing strategies and actions to reduce or eliminate risks and their potential impacts on an organization or project.

Tactical Planning

Short-term, actionable strategies designed to achieve specific objectives within a broader strategic plan.