Question: Hazel, a widow, died. She had made no previous lifetime taxable gifts and she died with a gross estate of $11,700,000, consisting solely of a

Hazel, a widow, died. She had made no previous lifetime taxable gifts and she died with a gross estate of $11,700,000, consisting solely of a diversified portfolio of publicly traded, income- producing stocks. Her debts were $75,000 and estate administrative expenses amounted to $50,000.

What post-mortem techniques should Hazel's executor consider electing?

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