Decoster v. Commissioner of Taxation

Holt, Commissioner.

Certiorari to review an order of the board of tax appeals affirming a decision of the commissioner of taxation.

The facts bearing on the decision were all stipulated or undisputed. They may be thus stated: On April 14=, 1986, relator’s husband insured his life in the Northwestern Mutual Life Insurance Company of Milwaukee, Wisconsin, for $50,000. In the policy relator ivas named the beneficiary. The insured retained the right to change the beneficiary and to surrender the policy for its .cash surrender value. October 12, 1938, at the request of the insured and with consent…