In Re Estate of Tippins

OPINION

LARSEN, Justice.

This tax case involves the question of whether certain transfers made by the decedent more than two years prior to her death irrevocably divested her of all beneficial interest in various savings accounts and are, therefore, not subject to the inheritance tax.

On February 9, 1970, the decedent, Marie C. Tippins, delivered sixteen savings account passbooks to her son, George W. Tippins. Fourteen of these accounts were in the name of the decedent “in trust for” others, and the remaining two accounts were joint accounts with right of survivor-ship in the name of decedent…