Estate of Schranck v. State

The following opinion was filed April 29, 1930:

Stevens, J.

The case turns upon the construction of two statutes. The appellants contend that the amount of the inheritance tax to be paid by them should be determined under the provisions of sub. (7) of sec. 72.15 of the Statutes, which provides that when any property shall “be transferred subject to any charge, estate, or interest determinable by the death of any person or at any period ascertainable only by reference to death, the increase of benefit accruing to any person . . . upon the extinction or determination of such charge, estate or…