State Dept. of Rev., Inher. Tax D. v. Estate of Powell

This is an appeal from the final judgment of the Wayne Circuit Court that the executrix, Eileen A. Powell, pay no Indiana inheritance tax on money received by her following the death of her husband.

FACTS

Russell Powell (Powell) entered the employ of National Automatic Tool Company, Inc. (NATCO) in May, 1955. Prior to his employment, NATCO established a “Salaried Employees Supplementary Pension Plan B” (Plan), and Powell became eligible to participate in June of 1956. Powell supplied the necessary information and signed the required form in order to qualify for the Plan. Powell retired from…