State v. United States Trust Co.

Citations

• 99 Kan. 841

Syllabus

<p>SYLLABUS BY THE COURT.</p> <p>Inheritance Tax — Nonresident Testator — Stocks in Domestic Corporation — Present Law Not Retroactive. Where the will of. a testator who died before the enactment of the inheritance tax law (Laws 1915, ch. 357, Gen. Stat. 1915, §§ 11203-11229) created a life estate in certain stocks of a Kansas corporation in favor of his widow, and bequeathed the remainder to such beneficiaries as might be named in a power of appointment created by his will and conferred upon his widow, the remainder thus taken is part of the testator’s estate, and is specifically exempted from the payment of the inheritance tax by section 23 of the act, notwithstanding the power of appointment was exercised after the act took effect.</p>