Murfreesboro Bank & Trust Co. v. Evans

This appeal from the Chancellor’s decree involves the liability of a surviving spouse for payment of an inheritance tax upon property which had been conveyed to the husband and wife as tenants by the entireties, the husband having paid for the property wholly out of his own funds, the surviving wife having paid nothing.

It is stipulated that Mr. and Mrs. Allen T. Ragland acquired the property by deed from Mrs. J. M. Overton. A substantial cash payment was made by Mr. Ragland at the time the deed was passed and notes for deferred payments were signed by both Mr. and Mrs. Ragland. At the time of…