Kershaw Estate

Opinion by

Mr. Justice Horace Stern,

In computing the clear value of a decedent’s estate for inheritance tax purposes, may the estate deduct one half of the amount of a bond and mortgage covering a property which had been owned by the decedent and his wife as tenants by the entireties and had passed to her by survivorship? We answer this question, as did the court below, in the affirmative.

Decedent and his wife executed a bond on which they were jointly and severally liable, secured by a mortgage on a property the title of which was in their joint names. Upon decedent’s death the wife became…