Central Trust Co. v. Burrow

The opinion of the court was delivered by

Burch, C. J.:

The action was one by trustees under a will, for instruction respecting incidence of the federal estate tax. Prom a decision that the residuary estate should bear the tax, certain residuary legatees appeal.

In February, 1931, J. R. Burrow gave his son, Randall Burrow, a half interest in certain shares of bank stock and trust-company stock, and in July, 1931, the donor gave the donee the other half interest in the shares. J. R. Burrow died testate, September 30, 1931. His will provided that after payment of debts certain specific legacies…