Estate of Bullock

Margaret S. Bullock died May 9, 1952, leaving a last will and testament in which she named Rev. Lorenzo M. Malone, S.J., and M. Bruce Gilreath, coexecutors and cotrustees. The former declined to act in either capacity and on May 29, 1952, M. Bruce Gilreath was granted letters testamentary and since that date he has served as such executor. On December 31, 1953, the superior court confirmed his appointment by decedent’s will as trustee.

By the terms and provisions of decedent’s will, the bulk of her estate, comprised of securities, cash and personal property and appraised at the value of…