Legal Question in Wills and Trusts in California
Alternative Valuation Dates
I understand that it may be possible to use a date other than the Date of Death for estate valuation purposes on stocks and Real Property. What are the rules concerning this alternative valuation?
Asked on 10/22/07, 1:18 pm
1 Answer from Attorneys
Mitchell Roth
MW Roth, Professional Law Corporation
Re: Alternative Valuation Dates
You have to value these assets on the date of death for tax purposes. Whether other valuation dates can be used for purposes of establishing fees, etc. for purposes of probate is a matter of State law which may vary and relate only to probate.
Answered on 10/22/07, 3:08 pm