Bank of California v. Department of Revenue

The plaintiff appeals from a decree of the Tax Court disallowing an inheritance tax credit.

The decedent, a resident of this state, died testate in January, 1972. His will appointed plaintiff as executor. After some individual bequests the testator, in paragraph "Fifth” of his will, left the remainder of his estate to plaintiff Bank of California, Portland, Oregon, "as trustee for the purpose of paying a life income from the earnings to my wife, Helen Wagenknecht.” Paragraph "Sixth” of the will stated in part:

"Upon the death of my wife, Helen Wagenknecht, I direct my executor to turn over to…