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IN RE ESTATE OF STEAGALL

No. 4-82-0282.

111 Ill. App.3d 992 (1983)

444 N.E.2d 838

In re ESTATE OF JOYCE A. STEAGALL, Deceased. — (Charles S. Steagall, Ex'r of the Estate of Joyce A. Steagall, Plaintiff-Appellant, v. The People ex rel. Tyrone C. Fahner, Attorney General, Defendant-Appellee.

Appellate Court of Illinois — Fourth District.

Opinion filed January 18, 1983.

Attorney(s) appearing for the Case

Richard L. Steagall and John P. Nicoara, both of Peoria, for appellant.

Tyrone C. Fahner, Attorney General, of Chicago (Edward M. Kay, Assistant Attorney General, of counsel), for appellee.

Order affirmed.

JUSTICE MILLS delivered the opinion of the court:

The issue here — simply put — is whether the guarantee agreements executed by the decedent are debts deductible from the value of her estate for the purpose of determining the net value of the estate subject to Illinois inheritance tax.

The guarantees are contingent liabilities.

They are not deductible.

We affirm.

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