People v. Wilson

Inheritance tax question.

Stock held in joint tenancy.

Can a resulting trust be imposed and thus avoid the tax?

Yes.

We reverse and remand.

The solitary issue in this case is whether certain assets held in joint tenancy should be included in the taxable estate of a decedent where the surviving joint tenant contends that the decedent held the property on resulting trust for the benefit of the survivor. Marjorie Wilson died July 14, 1973. Subsequently, her husband and surviving joint tenant, Elmer Wilson, was appointed executor under her will and, in that capacity, filed an Illinois inheritance tax…