Fletcher v. Commissioner

1. Where the decedent possessed a power of appointment over certain property, provided he died without leaving issue, to such person or persons as he should by his last will and testament direct, and the power was duly exercised, the value of such property is a part of the decedent's gross estate, for Federal estate tax purposes, as property passing under a general power of appointment. 2. Where the appointor's estate was subject to state collateral inheritance tax by reason of the exercise of the power of appointment to collaterals, the estate tax due from the present decedent's estate is…