Valley Fidelity Bank & Trust Co. v. Benson

This case involves the question of whether benefits paid under a retirement plan of a private employer to the survivorship beneficiary of a deceased employee are subject to taxation under the Tennessee Inheritance Tax Laws. We hold that they are not.

The appellant, complainant in the court below, is the executor of the late Charles F. Lewis, of Knox County. Mr. Lewis had, prior to his death, been the recipient of *505stated monthly sums from three separate employee retirement plans in which he had participated while employed by Ideal Cement Company and its predecessor corporation, Volunteer…