Jones Estate

Opinion by

Mr. Justice Patterson,

This is an appeal by the Commonwealth from the decree of the court below sustaining the appeal of the executors of the Estate of Margaret Ramsay Jones, deceased, and Robert Ramsay Jones, Erskine Ramsay Jones, Margaret Jones Brooks and Janet Jones Teal, beneficiaries under a deed of trust executed by Margaret Ramsay Jones, from the action of the appraisers of said estate in including as an asset the corpus of the said trust for the purpose of imposing inheritance tax.

On May 31,1932, three irrevocable deeds of trust were executed, each transferring a $50,000 bond…