Detroit Bank & Trust Co. v. Grunewald

y. J. Brennan, J.

The Detroit Bank and Trust Company is sole trustee under an irrevocable inter vivos trust established by the late Ingeborg K. Cornelius and also co-executor under her -will. In its capacity as trustee of the trust, the bank petitioned the Circuit Court of Oakland County for instructions and a declaratory judgment to determine its obligation, if any, to pay from funds of the trust a part of the Federal Estate Tax and Michigan Inheritance Tax on the trust. The deceased retained life income and thereby subjected the trust to estate tax. The defendants-appellees, beneficiaries of…