Hasbrouck v. Thayer Martin

Louisa Holt Colton died, testate, March 25, 1932, a resident of New Jersey.

The commissioner, in computing and assessing the transfer inheritance taxes, incurred at her death in respect of transfers of her estate, included as transfers taxable under the statute, transfers of four certain bank accounts or deposits opened by the decedent with two banks in New York City, in each of which considerable amounts remained at the time of her death. The only question on this appeal is whether or not such transfers from Mrs. Colton, of ownership of these bank accounts, as actually took place, are taxable…