Another Bite at the Apple: Using the Alternate Valuation Election to Restore A Credit Shelter Trust
Robert A. Dawkins
28 PROBATE& PROPERTY JANUARY/FEBRUARY 2002 The eighteen month period from April 2000 to September 2001 was a horrible year for the stock markets. Most stock portfolios declined by about 30%, and some declined much further. During that time, the bear market called to mind one of the dangers of a pecuniary maritta deduction formula: when a decedennt’ will or living trust uses such a formula, a market decline may dramatiicall reduce or totally eliminate the credit shelter trust. But the good news is...