The term “executor” includes the executor, personal representative, or administrator of the decedent's estate. If none of these is appointed, qualified, and acting in the United States, every person in actual or constructive possession of any property of the decedent is considered an executor and must file a return." ( from Instructions for Form 706 (09/2023)
Based on this definition, an inheritor of foreign assets who is a resident citizen in the US can be an executor. Thus, this executor could select the alternative 6 month valuation date, correct? Further, if the estate is valued < $12.06 million, filing, as in submitting form 706 would not be required, correct?
