: Review the following questions and determine if you believe the statement is either true or false.

1.Interest that accrued on state and local bonds prior to death is not subject to the Federal estate tax. T/F

2. The legal title of property held in trust is in the name of by beneficiaries. T/F

3. Under the alternate valuation date election, each asset in the gross estate is valued at the lesser of the date of death value or six months thereafter. T/F

4. If a decedent dies in New York without a will, an executor will be appointed by the surrogate court. T/F