McCaughn v. Real Estate Land Title & Trust Co.

On February 9, 1920, Malcolm MacFarlan, a physician of Philadelphia, Pennsylvania, made a transfer of real estate and securities, of the value of upwa'rds of $670,000, m trust for the benefit of his children and their wives and descendants. He died on December 8, .1921. As his death occurred within two year's after, the transfer, it- fell within the terms of the statute creating a pre sumption that the transfer was made in contemplation of death. Revenue Act of 1921, c. 136, § 402 (c), 42 Stat. 227, 277, 278. The remaining estate of the decedent, of which disposition was made by will…