value to

$ $6\mathrm{.}9$$$6\mathrm{.}9$

$$million$,$ can the administrator of

Chester'sChester's

estate elect the alternate valuation$$ date? What are the important factors that the administrator should consider as to whether the alternate valuation date should be$$ elected?

$$

$$

$,$

because

$$

$$

following the date of$$ death, the alternate valuation date

$$

$$

may

may not

be selected by the administrator. The important factors in deciding whether to use the alternate valuation date are

$$

$$

the amount of administrative and funeral expen

ses and the amount of the unified credit

the amount of estate debts to be saved, and the beneficiaries state of residence

the amount of estate taxes to be saved, and the impact on the beneficiaries income tax situation

$.$