Chase National Bank v. United States

This case comes here from the Court of Claims, under § 288, Title 28, U. S. Code, 43 Staff 939, on certified questions of law concerning which instructions are desired for the proper disposition of the cause. The facts certified are: on September 13, 1922, after the effective date of the Revenue Act of 1921, Herbert W. Brown procured three insurance policies on his life aggregating $200,000,' each naming his wife as beneficiary. Each policy re served to the insured the right to change the beneficiary. All premiums on the policies were paid by the insured. On April 10, 1924, he died testate,…