2.5 Assume Darrin dies today and Keith is appointed executor. Keith is considering electing the alternate valuation date. 'Which of the following statements does not correctly reflect the rules applicable to the alternate valuation date? The general rule is the election covers all assets included in the gross estate and cannot be applied to only a portion of the property. Assets disposed of within 6 months of decedent's death must be valued on the date of disposition. The election can be made even though an estate tax return does not have to be filed. The election must decrease the value of the gross estate and decrease the estate tax liability