Fidelity Union Trust Co. v. Warren

The trustee under an inter vivos trust created by Frank L. Humphreys, late of Connecticut, asks whether it should contribute to the payment of the federal estate tax assessed against the executors of the settlor's will. The gross estate of decedent was appraised for the purpose of the tax at $238,000, of which $161,000 was the value of property owned by testator at his death and $77,000 represented the assets of the inter vivos trust. The tax assessed is $18,819, and the executors demand that the trustee of the inter vivos trust pay a ratable part of the tax, $6,078. I find no liability on…