130 A. 324 | Pa. | 1925
Selden Twitchell died in 1917, childless, and by his last will created a trust of the property here in question for the use of his wife, Orpha W. Twitchell, for life and giving her absolute power to dispose of the same by will. He also directed that, on her failure to exercise such power, the trust property should vest in certain of his nephews and nieces. The widow, Orpha W. Twitchell, who had considerable estate in her own right, died *137 in 1923, and her last will provides, inter alia, as follows: "In the exercise of the express testamentary power vested in me by the last will and testament of my late husband, Selden Twitchell, I give and bequeath the principal of the estate of said Selden Twitchell, deceased, of which I have received the income during my lifetime, together with all my estate, real and personal, in the manner and to the extent hereinafter set forth. I direct that all my just debts and funeral expenses shall be paid so soon as conveniently may be after my decease. [Followed by certain specific legacies]. . . . . . All the rest, residue and remainder of my estate, as well as the trust estate of my late husband, real and personal, after payment of the foregoing legacies, taxes, debts and necessary or usual expenses, I give, devise and bequeath unto my sister, Mary Way, of Norfolk, Virginia, absolutely, and in fee."
In 1918 the then five per cent collateral inheritance tax on the estate in remainder was paid to the Commonwealth by the Selden Twitchell executors, deducting the value of the life estate, as authorized by section 3 of the Act of May 6, 1887, P. L. 79, 80, the tax so paid being $14,069.19. After Orpha's death, the Commonwealth claimed the now ten per cent collateral inheritance tax on her entire net estate, including that over which she had and exercised power of appointment, but, of its own motion, credited her estate with the $14,069.19 so paid as the collateral tax on the Selden Twitchell estate. The auditing judge and the orphans' court allowed the Commonwealth's claim and Mary Way, the residuary legatee under Orpha's will, has appealed.
We have recently held (see McCord's Est.,
The decree is affirmed at the cost of appellant.