Gross Estate valuation Gross estate valued at Fmv at either Date of death or alternate or Alternate valuation date >6 mo after death unless dispositions occur Both gross estate tax liability must be reduced for alternate date to be effective 6
6 Gross Estate Valuation Gross estate valued at FMV at either –Date of death or alternate OR –Alternate valuation date »6 mo. after death unless dispositions occur –Both gross estate & tax liability must be reduced for alternate date to be effective
Gross Estate Items (1of2) Property in which decedent had an interest Property transferred to others but Which decedent still controlled or obtained benefits Gift taxes paid on gifts w/in three years of date of death
7 Gross Estate Items (1 of 2) Property in which decedent had an interest Property transferred to others but which decedent still controlled or obtained benefits Gift taxes paid on gifts w/in three years of date of death