LO.3 Hugo dies in 2012, leaving a large estate. Among other provisions in his will are charitable

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LO.3 Hugo dies in 2012, leaving a large estate. Among other provisions in his will are charitable and marital bequests. When Hugo’s executor elects the alternate valuation date, it has the effect of decreasing the marital deduction and increasing the charitable deduction of the estate. How can this be possible?

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South Western Federal Taxation 2013 Corporations Partnerships Estates And Trusts

ISBN: 9781133495574

36th Edition

Authors: William H. Hoffman, William A. Raabe, James E. Smith, David M. Maloney

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