In Re Inheritance Tax, Baugham's Estate
Supreme Court of North Carolina
Civil actioN heard by Allen, J., upon, a waiver of trial by jury, at May Term, 1916, of Beaufobt. W. P. Baugham- died in Washington, N. C., on 8 February, 1910, leaving a large estate and a will by which it was devised and bequeathed to his widow, Mary A. Baugham, and his children as therein set forth.
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Civil actioN heard by Allen, J., upon, a waiver of trial by jury, at May Term, 1916, of Beaufobt. W. P. Baugham- died in Washington, N. C., on 8 February, 1910, leaving a large estate and a will by which it was devised and bequeathed to his widow, Mary A. Baugham, and his children as therein set forth. The inheritance tax appraiser for Beaufort County, on 24 January, 1916, appraised the estate at $145,302, and, deducting the exemptions allowed by law and the value of án annuity to the widow, he found that the clear balance subject to the inheritance tax was $102,052, and the tax thereon…
1Opinion of the Court
Walker, J.,
after stating the facts: It is conceded that the case is governed by Laws 1909, ch. 438, sec. 6 (5), by which the husband and wife are exempted from the payment of an inheritance tax, and this provision of the law is what has raised the question presented in this case, as to how the annuity left in the will to the testator’s widow for the joint benefit of herself and children should be valued in order to ascertain the clear value of that which is subject to the inheritance tax.
The testator, W. P. Baugham, evidently intended that his widow should be supported, and his children…
2Cases cited7 opinions
- Howe v. HoweMassachusetts Supreme Judicial Court · 1901
- Young v. . YoungSupreme Court of North Carolina · 1873
- Bailey v. . HopkinsSupreme Court of North Carolina · 1910
- Williamson v. . BittingSupreme Court of North Carolina · 1912
- Gillespie v. . AllisonSupreme Court of North Carolina · 1894
2 more not listed; retrieve them via the Exa API.
3Cited by6 opinions
- State Ex Rel. Corporation Commission v. DunnSupreme Court of North Carolina · 1917
- Ray v. . PooleSupreme Court of North Carolina · 1924
- Stepp v. . SteppSupreme Court of North Carolina · 1931
- Cox v. BoydenSupreme Court of North Carolina · 1918
- Cox v. . BoydenSupreme Court of North Carolina · 1918
1 more not listed; retrieve them via the Exa API.