American National Bank & Trust Co. v. Department of Treasury

On appeal, the circuit court affirmed the probate court in its determination that the commuted value of the surviving widow’s interest in a joint and survivor annuity purchased in conjunction with the retirement plan of tbe deceased husband’s employer was not subject to Michigan inheritance tax.1 The State appeals. The issue is whether the foregoing determination is correct or incorrect.

Joe John Canon, the deceased husband, completed 15 years continuous service with the Upjohn Company September 1, 1945, and he participated in its first retirement plan. He attained age 55 on May 6, 1951, and…