State Street Bank & Trust Co. v. Commissioner of Corporations & Taxation

This petition in equity in the Probate Court seeks a determination that an inheritance tax assessed against the estate of George E. French has been paid because of a statutory credit. The case was reserved and reported without decision on a statement of agreed facts.

George E. French died testate May 27, 1951. The will provided for a marital deduction trust for the benefit of his widow Mena V. French over which she had a general testamentary power of appointment. Mena French died testate October 9, 1963, not having exercised her power of appointment, and the trust estate passed under George’s…