Fagan v. Bugbee

The opinion of the court was delivered by

Black, J.

The certiorari in this case brings under review the legality of a transfer inheritance tax assessed by the comptroller of the state of $133.27 against the estate of Joseph P. Fagan, deceased.

The prosecutrix contends that the assessment erroneously includes a tax upon the transfer of proceeds of insurance policies included in an agreement of trust. The sole question to he determined is whether the transfer of property, formerly consisting of proceeds of life insurance, by a trust agreement dated March 16th, 1927, intended to take effect at or…