ALLEN v. STATE TAX COMMISSION


337 Mass. 502 (1958)

150 N.E.2d 14

ELEANOR W. ALLEN vs. STATE TAX COMMISSION.

Supreme Judicial Court of Massachusetts, Suffolk.

May 7, 1958.


Attorney(s) appearing for the Case

J. Sidney Stone, for the taxpayer.

Edward F. Mahony, Assistant Attorney General, for State Tax Commission.

Present: WILKINS, C.J., RONAN, SPALDING, WHITTEMORE, & CUTTER, JJ.


CUTTER, J.

The taxpayer (hereinafter called the beneficiary) was the widow of Frank G. Allen (hereinafter called the insured) who died in 1950. She was the beneficiary named in a policy of life insurance upon the insured's life in the face amount of $100,000. When the proceeds became payable upon the insured's death, the taxpayer became entitled to elect either (a) to receive immediately in cash the face amount (plus a small...

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