Indiana Department of State Revenue v. Farmers State Bank

CHIPMAN, Judge.

This is an appeal by the Indiana Department of State Revenue (Department) from a judgment entered against it on its petition for reappraisement and redetermination of inheritance and transfer tax. The issue presented for review is whether Ind. Code 29-1-13-6 applies to contractual sales of a decedent’s real property, entered into by the decedent’s guardian prior to the decedent’s death, thereby causing the balance due under the contract to be distributed as a personal asset.

We affirm.

FACTS

On October 7, 1974, Clara Richard executed her will in which she gave all of her personal…