Also Note:

Estate tax regulations permit executors to elect to use an alternate valuation method when it would result in a decrease in the value of the estate. This election, contained in Internal Revenue Code Section 2032, permits property included in the gross estate to be valued as of the alternate valuation date (AVD) to the extent that the decline in value during the alternate valuation period is the result

Suzanne Daggert , Gary Ringel | Dec 01, 2009

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Estate tax regulations permit executors to elect to use an alternate valuation method when it would result in a decrease in the value of the estate. This election, contained in Internal Revenue Code Section 2032, permits property included in the gross estate to be valued as of the alternate valuation date (AVD) to the extent that the decline in value during the alternate valuation period is the result of market conditions.

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