Explain why Mortem techniques should executor consider electing
Financial Management
Hazel, a widow, died. She had made no previous lifetime taxable gifts and she died with a gross estate of $5,250,000, 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. Which of the following post-mortem techniques should Hazel’s executor consider electing?
The alternate valuation date.
Deduct estate administrative expenses on the estate’s fiduciary income tax return.
Pay estate taxes under IRC Section 6166.
Use a Section 303 stock redemption.
