Department of Taxation v. National City Bank

OPINION

By DOYLE, J:

The appellants, Executors of the Estate of Robert F. Bingham, deceased, are before this Court on appeal from the Probate Court of Cuyahoga County, challenging and excepting to that Court’s order that under the Ohio law a taxable succession passed from the decedent to his life insurance beneficiaries.

*203Appellants’ testator died on September 5, 1947.' Included in the net estate subject to federal estate tax were life insurance proceeds payable at death in the amount of $125,309.16. This amount was payable in the sum of $39,330.45 to the decedent’s widow, and the remainder, in…