IN RE GUFLER'S ESTATE

No. 32348.

43 Wn.2d 440 (1953)

261 P.2d 434

In the Matter of the Estate of OTTO B. GUFLER, Deceased.

The Supreme Court of Washington, Department One.

October 5, 1953.


Attorney(s) appearing for the Case

The Attorney General and Carl L. Loy, Assistant, for appellant.

Dodd & Russell, for respondent.


WEAVER, J.

Are the proceeds of a life insurance policy payable to a designated beneficiary, taxable under the inheritance tax statutes of this state, in so far as the proceeds are used to discharge an obligation of the insured to a creditor, to whom the insured had previously assigned the policy as collateral security?

Decedent had insured his life for thirty thousand dollars, evidenced by four policies. His wife...

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