ue.11. As to the alternate valuation date of 2032, comment on the following. a. The justification for the election. b. A form 706 need not be filed for the estate. c. The main heir prefers the date of death value. d. An estate asset is distributed to an heir three months after the decedents death. e. Some estate assets have appreciated in value since the death of the decedent. f. Effect of the election on income tax basis. g. Treatment of income accruing from the property from the date of death to the alternate valuation date