Dumesnil v. Reeves, Com'r of Rev.

Opinion of the Court by

Judge Fulton

Affirming.

The executors of Harry Dumesnil, who died February 4, 1937, filed an inheritance tax return with the Department of Revenue and paid taxes on the estate amounting to approximately $20,000. At the time of his death the decedent had life insurance policies in the amount of $52,118.85, all taken out many years prior to the year 1936, payable to his wife as beneficiary with the right in the decedent to change the beneficiary. These policies were reported in the inheritance tax report but were deducted as a nontaxable item. The decedent was the owner of…