Indiana Department of State Revenue, Inheritance Tax Division v. Estate of Cohen

NEAL, Judge.

STATEMENT OF THE CASE

Petitioner-appellant Indiana Department of State Revenue, Inheritance Tax Division (Tax Department) appeals from a negative judgment entered in the Vigo Superior Court in a bench trial, which favored Respondent-appellee Estate of Herman Cohen, Deceased (Estate) upon the Tax Department’s petition for rehearing, reappraisement and redetermination of inheritance and transfer tax.

We reverse.

STATEMENT OF THE FACTS

Herman Cohen (decedent) died on August 6,1979, leaving an estate with assets valued in excess of $1,000,000. Included therein were four unsecured,…