Taylor v. Errion

It is expedient in the preparation of this memorandum of my conclusions to summarize the introductory facts, omitting, I acknowledge, references to some incidental circumstances which have nonetheless received consideration. On March 19th, 1940, one William T. Taylor died possessed of an estate of the inventory value of $452,908.62. The major portion of his resources consisted of 385 of the 400 shares of the capital stock of the Taylor Provision Company. The stock of the decedent was appraised initially for administration purposes at $375,375.

By his last will executed on February 25th, 1935,…