The People v. Ill. Merchants Trust Co.

Delavan Smith, a resident of Lake county, died testate on August 25, 1922. His last will and testament was on October 16, 1922, admitted to record by the probate court of that county. Upon the recommendation of the appraiser, the acting county judge on February 16, 1923, entered an order determining the value of the gifts and transfers made by the will and fixing the inheritance taxes due thereon. Dissatisfied with the assessment, the Illinois Trust and Savings Bank (now the Illinois Merchants Trust Company) and the Fletcher Savings and Trust Company, as executors of and trustees under the…