Baird's Estate

Waite, P. J.,

— This matter is before the court on appeal by the estate from the inheritance tax imposed by the Commonwealth. Two questions are involved : First, are the proceeds of life insurance policies payable (1) to “beneficiaries named in the policies”, or (2) to a person designated therein who although not specifically called “trustee” is so, in fact, under a valid parol trust, subject to assessment for inheritance tax purposes as a part of the decedent’s estate; and second, should the allowable deduction for a marker at decedent’s grave be limited to $50 on an estate amounting to…