NBD Bank, N.A. v. Department of Treasury

This is an inheritance tax case. Respondent Department of Treasury appeals as of right from the probate court’s determination that the transfer of assets from the Bessie B. Walther Trust to the Ricketts Investment Group was subject to preferential tax treatment. We affirm.

The question presented is whether property transferred following the death of the settlor of a trust to a limited partnership, whose members are all lineal descendants of the decedent, is subject to *568the preferential inheritance tax rates found at MCL 205.202; MSA 7.562.

The facts of this case are not in dispute. Bessie B.…