In re the Estate of O'Meara

Griffiths, S.

The executrix under the will of this decedent has appealed from a pro forma order of this court dated December 17,1947, fixing the estate tax in the amount of $296.92.

The facts are undisputed. At the time of his death on March 20, 1947, the decedent was indebted to a bank in the amount of $8,700 as evidenced by a promissory note in that amount dated January 8,1947, and payable July 8,1947. As collateral security for such obligation the decedent had assigned to the bank a life insurance policy in the face amount of $25,000. Following his death, and on the due date of the note, the…