Soars v. Graham

In this case the executor of the estate of Lucilla M. Soars, deceased, has appealed from the judgment of the District Court for the Middle District of Pennsylvania in favor of the district director of internal revenue denying recovery of federal estate tax alleged to have been erroneously exacted. The decedent was the life beneficiary, with power to consume principal, under the will of her husband Stephen Soars, late of Muncy, Pennsyl*763vania, and the tax was assessed upon the appreciated value at her death of certain shares of stock belonging to her husband’s estate which she had not consumed.…