alternate valuation

Definition of "alternate valuation"
  1. It is the evaluation of a deceased individual's entire estate based on its fair market worth six months following their death
How to use "alternate valuation" in a sentence
  1. The alternate valuation method was employed to assess the estate's worth six months after the owner passed away.
  2. Taxations were computed using the alternate valuation of the property, estimated six months post the owner's passing.
  3. The executor of the estate decided to use alternate valuation to potentially decrease the estate tax.

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