In each of the following independent situations, indicate whether the alternate valuation date can be elected. Explain why or why not. Assume that all deaths occur in 2012.

 

Value of Gross Estate

Estate Tax Liability

Decedent

Date of
Death

Six Months
Later

Date of
Death

Six Months
Later

Jayden

$6,000,000

$5,900,000

$240,000

$239,000

Isabella

6,100,000

6,000,000

265,000

260,000

Liam

6,100,000

6,000,000

200,000

210,000

Lily

6,500,000

6,400,000

205,000

204,000