alternate valuation

noun

Legal Definition of alternate valuation

: the appraisal of a deceased person's gross estate at the fair market value six months after the person's death

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alternate valuation

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Cite this Entry

“Alternate valuation.” Merriam-Webster.com Legal Dictionary, Merriam-Webster, https://www.merriam-webster.com/legal/alternate%20valuation. Accessed 2 Aug. 2021.

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