Department of Taxation v. Tolbert

OPINION

By HORNBECK, PJ.

This is an appeal on questions of law from a judgment of the Probate Court sustaining exceptions to its former order assessing inheritance tax upon transfers of certain property of Lyman B. Kilgour to the appellees herein.

The transfers were made on January 6, 1947. Lyman B. Kilgour died on July 31,1948. His estate aggregated $274,610.29. At the time of the transfers Lyman B. Kilgour owned 498 shares of common, no-par stock of the B. & T. Metals Company, Columbus, Ohio. The transfers were:

50 shares to Mabel Kilgour, wife $55,250.00

50 shares to Virginia Tolbert, daughter…