State v. Midland National Bank

MR. JUSTICE CASTLES:

This is an appeal by tbe State of Montana, through the State Board of Equalization, from the orders of the district court of the thirteenth judicial district determining the inheritance tax payable on account of the death of Frank D. Coleman.

Coleman died on February 10, 1952. At that time he was the owner of life insurance policies on his life, proceeds of which aggregated $50,462.65, and an annuity policy, proceeds of which amounted to $2,813.61, and under which he was then receiving monthly installment payments guaranteed to continue so long as he lived and in any event…