Practice Quiz

FINRA Series 7

Category - Series 7

Start a Study Session Sign up for Question of the Day
In order to determine the amount of estate tax due, if any, the assets of a decedent’s estate are valued as of the date of death. A second evaluation is then made:
  1. three months after the date of death
  2. six months after the date of death
  3. one year after the date of death
  4. at any time up to six months after the date of death
Explanation
Answer: B - six months after the date of death. A second evaluation is made six months from the date of death. The estate may then use either value in determining estate tax.
Was this helpful? Upvote!
Login to contribute your own answer or details
Start a Study Session Sign up for Question of the Day

Top questions

Related questions

Most popular on PracticeQuiz