Chase Nat. Bank v. United States

COXE, District Judge.

This is a suit by the executor of Forrest F. Dryden to recover estate taxes alleged to have been illegally collected by the government. It challenges the action of the commissioner in including in the gross estate of the decedent the proceeds of a fully paid up life insurance policy, issued to the decedent in 1920, in which his wife was irrevocably named as the beneficiary, as well as the proceeds of paid up additional insurance purchased with divi-. dends accruing on the policy prior to the death of the decedent. The case has been submitted on stipulated facts.

Prior to…