The Commissioner determined a deficiency of $245,123.98 in estate tax against the estate and held that the other petitioners were liable as transferees to the extent of the value of assets of the estate received by them. The only issue requiring decision is whether the value of bonds and life insurance policies transferred by the decedent to four trusts on December 1, 1931, was properly included in the decedent's gross estate under the provisions of section 811 (c) (1) (A...
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