Hertsche v. United States

KILKENNY, District Judge.

This is a Federal Estate Tax case raising a question as to the proper interpretation of the word “distributed” as used in 26 U.S.C. § 2032(a) (l). 1

Decedent, at the time of his death in March, 1960, was the owner of a number of shares of the capital stock of the National Lead Co. On October 14, 1960, the executor was authorized, by probate court order, 2 to distribute a substantial number of said shares of stock to the residuary legatees under the will. On October 25, 1960, the executor delivered said shares of stock to said legatees. The stock distributed was valued…