Exit Strategies of the Rich and Famous Estate conservation is too important to put off. Do you have a smart exit strategy? Share | Have A Question About This Topic? Name Email Address Question 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.