Mitchell v. Carson

*230Miss Jessie Mitchell, a resident of Tennessee, purchased United States Savings Bonds to an extent quite substantial in amount. Some of them were payable at her death to specified nieces and nephews. All the others were payable to herself or these same nieces and nephews. Miss Mitchell retained possession of these bonds until her death. They were then delivered to these nieces and nephews and did not become a part of her estate.

Mr. Carson, Commissioner of Finance and Taxation, was of the opinion that the transaction above stated was a taxable transfer under the Tennessee Inheritance Tax Law.…