Estate of Salt v. Commissioner

OPINION.

Black, Judge:

There are two questions for our decision-in this proceeding : (1) Whether respondent erred in determining that the voting trust certificate representing 4,000 shares of Graybar stock which decedent held at the time of his death is includible in the gross estate at a value of $60 per share or a total of $240,000; and (2) whether respondent erred in including in decedent’s gross estate the amount of $40,000 which decedent’s widow received from Graybar (decedent’s former employer) as a “Regular Death Benefit.”

The special death benefits aggregating $80,400 paid to Mrs. Salt…