In Re the Estate of Parks

This is an appeal from an order of the district court determining that no inheritance tax was due on shares of corporate stock which had been purchased by a surviving widow with her own separate funds and held in her exclusive possession, where the shares had been registered in the joint names of the deceased husband and surviving widow.

The lower court determined that the surviving widow held the shares of stock on the date of her husband’s death “as her sole and individual property,” and, that since the surviving widow had furnished the entire purchase price for the shares, no inheritance…