Fox Estate

SHOYER, J.,

Before us are the Commonwealth’s exceptions to the decree of the learned hearing judge who sustained the inheritance tax appeal filed by the Estate of Alexander M. Fox, deceased, from a collateral inheritance tax appraisement dated July 30, 1971.

Testator died March 17, 1914. Under his will and codicils he left his residuary estate in trust with direction to pay the income to his wife for life, and on her death one-half of the income to be paid in perpetuity in equal shares to four named charities. As to the remaining one-half share, testator provided that the trustee should…