1. Home
  2. Browse Decisions
  3. S.E.2d
  4. 267 S.E.2d
  5. 267 S.E.2d 418 (1980)
 

MATTER OF ESTATE OF KAPOOR

No. 8010SC179.

267 S.E.2d 418 (1980)

In the Matter of the Denial by the Secretary of Revenue of Claim for Refund of North Carolina Inheritance Taxes by the ESTATE of Shankar N. KAPOOR, Deceased.

Court of Appeals of North Carolina.

July 1, 1980.

Attorney(s) appearing for the Case

Haywood, Denny & Miller by B. M. Sessoms and James H. Johnson, III, Chapel Hill for petitioner-appellee.

Atty. Gen. Rufus L. Edmisten by Asst. Atty. Gen. George W. Boylan, Raleigh, for the State.

ARNOLD, Judge.

The issue on this appeal is whether the life insurance proceeds are a "debt of the decedent," making them deductible for inheritance tax purposes under G.S. 105-9(4). Our courts have not previously interpreted the word "debt" as it is used in this section. Petitioner argues that G.S. 105-9(4) must be interpreted to include the types of deductions provided for federal estate tax computation by IRC § 2053(a)(3) and (4), but we are unpersuaded that...

Let's get started

Leagle.com

Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.

  • Updated daily.
  • Uncompromising quality.
  • Complete, Accurate, Current.

Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases