Exit Strategies of the Rich and Famous Test Your Investment Knowledge! How much do you know about investing? Take our quiz and find out instantly. First Name Last Name Email Address Thank you! Oops! Estate conservation is too important to put off. Do you have a smart exit strategy? Share | Have A Question About This Topic? Address Thank you! Oops! Related Contents When Do You Need a Will? When do you need a will? The answer is easy: Right Now. Understanding the Alternate Valuation Date Executors can value the estate on the date of death, or on its six-month anniversary —the “Alternate Valuation Date." What's My Potential Estate Tax? This calculator helps estimate your federal estate tax liability.