Estate of Ludington v. Ludington

MR. JUSTICE ANGSTMAN:

This is an appeal by the State Board of Equalization and the State of Montana from an order determining inheritance tax.

Sometime prior to May 3, 1949, the deceased made a gift of $10,000 to his daughter, Lois E. Houchen. On April 14, 1951, the decedent executed a satisfaction of mortgage and delivered it to his son, Merrill E. Ludington, which satisfaction was recorded on April 16, 1951, and which mortgage was dated *386July 9, 1945, and represented an indebtedness due from M. E. Ludington to his father, E. J. Ludington, in the sum of $6,800. On May 4, 1954, E. J. Ludington…