Blunt v. Kelly

WALKER, District Judge.

Edith E. Blunt died July 3, 1934, a resident of Morristown, New Jersey. Albert C. Blunt, Jr., her son, the executor of her will, filed a federal estate tax return and upon the audit of the same the Commissioner of Internal Revenue and the Collector determined, over the filed protest of the executor, that the value of certain securities transferred by Mrs. Blunt to the Morristown Trust Company and Albert C. Blunt, Jr., as trustees, by indenture dated April 21, 1925, constituted at the date of her death a part of her gross estate subject to federal estate tax. The value…