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And from what I've read here, the relevant time for FMV is as of the date of her death, not when someone moved the stock from one account name to another.

There's another wrinkle which doesn't apply to this specific situation. Namely, you can choose to value the Estate's assets on the date 6 months after death if such an election reduces both the overall valuation of the estate and the total of Estate and Generation-skipping tax.

Perhaps one of the resident experts can point to useful information on how to determine the FMV. (closing price for the stock on that date? average of high and low of the stock for that date?)

Valuation methods are discussed extensively in the instructions for preparing Form 706, For stocks, it is generally the average of the high and low on the date of death. If death occurred on a day where the stock didn't trade, then it's the weighted average of the average prices of the trading dates closest (before and after) to the date of death.

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