People v. Walker

On July 20, 1950, the county court of Du Page County entered an order that certain corporate stock, forming the corpus of an inter vivos trust created by decedent, Gladys Kroehler, is not subject to inheritance tax in her estate. The People appeal directly to this court on the ground that the revenue of the State is involved.

The facts are largely undisputed. Decedent’s father was the founder of a manufacturing corporation in Naperville. During the period in question she owned 30,000 shares of its stock, which she had acquired through gifts from him. For some time prior to 1928, the decedent,…