Westphal v. Commissioner of Taxation

Thomas Gallagher, Justice.

Certiorari wherein the commissioner of taxation seeks to review an order of the Board of Tax Appeals dated November 28, 1961, in which it held that the sum of $50,000 derived from a life insurance policy on the life of William R. Westphal, who died June 21, 1956, was exempt from inheritance taxes in his estate.

The facts as stipulated by the parties are as follows: The policy was issued by Connecticut General Life Insurance Company on October 18, 1954. Mary C. Westphal, wife of the insured, was named as beneficiary therein. In the application for this policy the only…