Included in Mary’s gross estate are the following assets: 

a. How much is included in her gross estate if the alternate valuation date is elected? 

b. Instead, what if all of Mary’s assets pass to her surviving husband? 

c. Express your answer in part (a) as a Microsoft Excel formula.

Transcribed Image Text:

Fair Market Value Date of Death Six Months Later Stock in Orange Corporation Stock in Crimson Corporation $13,000,000 $13,100,000 6,100,000 5,900,000