Succession of Cotton

This is an appeal from a judgment decreeing liability on the part of three legatees in specified amounts for inheritance taxes, under Act No. 127 of 1921, Extra Session.

The litigation is an outcome of the last will and testament of Frederick G. Cotton. In this will, the deceased, after recognizing the right of his son and his daughter to their legitimes in his estate, and after making certain minor bequests, willed the residue of his estate, including the légitimes of his two children, to the Canal Bank & Trust Company, in trust, directing the trustee to pay out of the net income of the…