Commerce Union Bank v. Benson

OPINION

McCanless, justice.

The question presented for our determination is whether the transfer to his widow at his death of the interest of Richard E. Unland in the Profit Sharing and Pension Fund of Sears, Roebuck and Company Employees — which will be referred to hereinafter as the Fund — is taxable under the provisions of the Tennessee Inheritance Tax Law. Mr. Unland died June 24, 1969, and his interest in the Fund passed to his widow, Elizabeth F. Unland, as surviving beneficiary designated by an unrevoked written instrument.

The executor paid an inheritance tax of $2,133.12 which it…