Metro Trust Co. ex rel. Huber v. Northwestern Savings & Loan Ass'n

ON MOTION FOR REHEARING

Respondent’s motion for rehearing presents two issues: First, that the gift to minors’ accounts would be part of Mrs. Huber’s gross estate for federal estate tax purposes; and, second, that the opinion does not clearly and adequately describe the values the trial court on remand must consider in determining what the daughters received from the estate.

If the accounts are includable in the gross estate for federal estate tax purposes1 then the gross value of the gift would be the total amount of the deposit to the gift to minors’ account plus accrued interest according to…