CONNELLY v. WELLS


142 Conn. 529 (1955)

WILLIAM F. CONNELLY, TAX COMMISSIONER v. VIRGINIA B. WELLS, EXECUTRIX (ESTATE OF DONALD B. WELLS)

Supreme Court of Connecticut.

Decided June 27, 1955.


Attorney(s) appearing for the Case

William E. Egan, inheritance tax attorney, with whom, on the brief, were John J. Bracken, attorney general, and Frederic W. Dauch, first assistant tax commissioner, for the plaintiff.

Bruce W. Manternach, with whom was Kenneth W. Weeks, for the defendant.

O'SULLIVAN, WYNNE, DALY and PHILLIPS, JS.


O'SULLIVAN, J.

This reservation raises the question whether the plaintiff, in computing the succession tax upon the estate of the defendant's decedent, should allow, as a deduction from the gross taxable estate, the amount representing the balance due on a note of the decedent, when the note was secured by an assignment of his life insurance policies, which were payable on his death to his wife.

The parties have...

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