Untitled Texas Attorney General Opinion

THEATTORNEY GENERAL OF TEXAS Aun~l~ 1% 33~~~s .: PRICE DANIEL ATTORNEYGENERAL October 21, 1948 Hon. Geo. H. Sheppard Opinion No. V-704 Comptroller of Public Accounts Austin, Texas Re: Imposition of inhcri- Cance tax where com- munity estate completc- ly disposed of by joint will’and trust tnstru- ment at death of hus- band Dear Sir: You have requested an opinion of this office as to wheth- er an inheritance tax is due by reason of the receipt of certain funds from the community estate of T. G. Hendrick, deceased, and his surviving wife by the Baptist Founda.tion of Texas as trustee. The facts of the case as disclosed by your file and the brief submitted by the attorney for the executor, The Fort Worth National Bank of Fort Worth, Texas, are as follows: On January 22, 1929, T. G. Hendrick and Ida Hendrick, husband and wife, executed a joint and mutual will in the opening paragraph of which they declared that “We, T. G. Hendrick and Ida Hendrick, husband and wife, . . . having mutually agreed and contracted with each other as to the disposition to be made of all of the property owned by us, as hereinafter .set out do Make, Declare and Publish this as our Joint add’Mutua1 Last Will and Testament, and the last will and testament of each of us . . , “We first state that all of the property of every kind and character now owned as well as any that may hereafter be owned by us, or in which tither of us may have an interest, is community property owned by us since our marriage and owned one-half by each of us, whether the apparent title to such property is in the one or the other or in both of us, having earned the property together we desire to dispose of it by joint will in accordance with the terms hereof, and each of us hereby solemnly pledges his and her faith to the other that he or she will not alter or change or at- tempt to alter or change such disposition of the prop- erty, unless by proper instrument likewise jointly ’ . Ho& Geo. ?I. Sheppard, Page 2 (v-704) signed by us, and particularly that the survivor of u6 will not make or attempt to make any change in such disposition.” ’ In the twelve succeeding pages of the will various spe- aific btque$ts are’made and numerous trusts set up. These pro- visions ara not material to your inquiry since from time to time various codicils were executed, eleven in all, which resulted in an almost complete departure from the provisions of the original imaumsnt. The will provided that if the death of Ida Hendrick oc- curred before the death of T. G. Hendrick, T. G. Hendrick as trustee, without necessity of giving bond, was to remain in pos- session of all the interests of Ida Hendrick and the property own- ed by herself and her husband, except the devises to Ida Hendrick’s nieces, with full power and authority to dispose of all or any part of such property; and at his death khe property then on hand, rep- resenting the corpus of the trust funds, wa$ qftcr the payment of individual legacies, inheritance, estate and othe.r taxes, and 6x- penses of administration to pass to and under control of named trustees for the different uses and pu$po$es provided in the WM. However, if T. G. Hendrick died before Ida Hendrick, the rights, powers and duties of the trustees were, to vest immediately in them subject alone to the right of Ida Hendrick to receive $l,OOO.OO or more per month during the remainder of her life from a trust of $500,000.00 to be established as specifically provided in the fifth codicil of the will. In the sixth codicil to the will, Item First reads as fol- lows: “Reference is here made to the fifth codicil to our will executed by us on April 19, 1934. In Item Firrf thereof we instructed our executor to sell from our property a,nd set apart bonds, securities and/or other items of property then of the reasonable value of $500,000.00 before any of the trusts provided for by us art set up and before any of the devises by in- dividuals are paid. It is our purpose and intention, and we here now so will and direct, that said $500,- 000,00 of property and securities shall be appropriat- ed from , . . Ida Hendrick’s one-half interest in our properties, if such one-half interest shall , , . be suf- ficient for the purpose, but if not then all of her one- half interest shall be appropriated and a sufficient a- mount . , . from T. G. Hendrick% one-half interest shall be added thereto to make up the total of $500,- 000.00 . * .” Hon. Gee. H. Sheppard, Page 3 (V-704) In this same codicil Ida Hendrick covenanted and agreed with T. G. Hendrick and with all of said other deviates, both the individuals and the bank trustee, that in the event of the death of T. G. Hendrick before herself she would Immediately after his death execute all instruments and conveyances thought by the trustee to be necessary or advisable to effectuate the payment of the devises to other individuals and the delivery and vesting of such property in the trustee of all property in such trust created by the will. Item Second of the sixth codicil provided that “In the event the death of T. G. Hendrick occurs before that of Ida Hendrick, the latter shall continue during the remainder of her life to have the free pos- session and use of the lot and the improvements known as 802 Orange Street in the city of Abilene, Texas, . . . which property is sometimes occupied and used by us for residential purposes, and she shall also have such free use and possession of all furniture and fixtures and other personal property used by us in connection with such premises, including the family automobile so used at the time; and in such event, we direct that our executor and thereafter our bank trustee, from funds belonging to the trust created for the establish- ment and maintenance of the ‘T. G. and Ida Hendrick Home’ shall pay all taxes that may accrue against said real and personal property, pay all insurance premiums on policies relating thereto and keep the premises and estate in good care all without charge or expense to Ida Handrick.” These provisions covered everything to be retained by Ida Hendrick in the event T. G. Hendrick predeceased her. In the seventh codicil Item Second again refers to the $500,000.00 trust fund to be established in the event Ida Hen- drick survived T. G. Hendrick out of her one-half of the com- munity property (or out of the joint property if her community one-half was insufficient). Said item confirmed the creation of the trust and devised and bequeathed same to the Fort Worth National Bank as trustee. It was provided that at the death of Ida Hendrick title to the property and assets belonging to such trust at the time of her death were to remain in the Fort Worth National Bank as trustee to be used by it in setting up other trusts provided for in the will. In the eleventh and last codicil to the will the various trusts here involved were established. By its terms $l,OOO,OOO..OO Hon. Gee. H. Sheppard, Page 4 (V-704) was devised to the Baptist Foundation of Texas as trustee to be held, managed and the income therefrom disposed of for twenty-one years as specifically provided: 10% thereof to be used for “the aid and assistance of young men being educated for the ministry at the Southwest Baptist Theological Semi- nary, of Fort Worth, Texas”; 10% thereof to be used by the Relief and Annuity Board of the Southern Bapti$t Convantion in the “aid of old worn out Baptist preachers’*; 10% thereof to be used by the Baptist General Convention of Texas “in its ordinary Foreign MisGions Work”; 40% thereof to be used by the Foreign Mission Board of the Southern Baptist Conven- tion “for relief work , . . and caring for the medical needs and religious welfrre of needy people anywhere in the world; or, at the discretion of the Executive Board of the Baptist General Convention of Texas, part of these funds may be so used by other agencies under its jurisdiction”; 30% thereof to be used by the Home Mission Board of the Southern Baptist Convention “for relief work . . . and ruligiaus welfare of needy people in the Homeland; or, at the discretion d the Executive Board of t&o Ba@i$t General Convention of Texas, part of these funds may be so used by other agonciea tw,der its jurisdiction.” Twenty-one year0 dter this trust became effective its corpus .ig to be paid to the BaptMt General Convention of Texas to brt, devoted by it to the five eharitie$ abuve mentioned, on the game pro rata basis above cot out, 80 that the assets of the trust will be exhausted ten years after such distribution begins. Following t&e death of T. (P. Hendrick on July 8, 1946, the will and all of the codicils thereto, forming a 60-page in- strument, was admit@8 to probate on July 29, 1946, as the last will and testament of T. 6. Hendrick, deceased. On August 10, 1946, Ida Hendrick filed in the coupty court an instrument which recited the execution by herself and her husband of the will theretofore admitted to probate and declared: “I am satisfied with the d&positions of our estate made thereby and do ratify and confirm such will and each of the eleven codicils.” Of the million-dollar trust fund described above, the First Item is clearly exempt from payment of any inheritance lu under the provisions of Chapter 5, Title 122, V.C.S., since it comet3 within the exemption provided by Article 7122 for “property passing ,to or for the use of . . . any religious, edu- Cation& or charitable organiaatiopl when such bequest, devise or gift is to be used within this sbte.” Pse risn Church in U. S. v. Sheppard, Civ, App., 198 S.W. ( me executor tar the estate admit,s that this exsmpbhm aMnot be claimed for the other four items previously listed, inasmuch a$ these items are not to be expended within the state, but con- tends that only on%-half of said amout%?@ went to the trustue out Hon. Geo. H. Sheppard, Page 5 (V-704) of the estate of T. G. Hendrick, deceased, and that the remain- ing one-half paid over to the Baptist Foundation of Texas, trustee, was paid over out of the share of Mrs. Ida Hendrick in the community property of herself and her deceased hus- band and was not subject to tax by virtue of Article 7117, V.C.S. In effect their contention is that the trustee acquired one-half of said funds by gift from Mrs. Hendrick rather-than by the will of Mr. Hendrick. If their contention is correct, the taxes due by reason of the receipt of said funds on the death of T. G. Hendrick should be computed on the basis of the a- mount received from his community interest regardless of whether or not the transfer of Mrs. Hendrick’s interest is taxable at her death under the provisions of Article 7117, V.C.S. The relevant provisions of Article 7117 are the follow- ing: “All property within the jurisdiction of this state . . . which shall pass absolutely or in trust by will . . . or by deed, grant, sale, or gift made or intended to take effect in possession or enjoy- ment after the death of the grantor or donor, shall, upon passing to or for the use of any per- son, corporation, or association, be subject to a tax for the benefit of the State’s General Revenue Fund, . . . . Any transfer made by a grantor, ven- dor, or donor, whether by deed, grant, sale, or gift, shall, unless shown to the contrary, be deem- ed to have been made in contemplation of death and subject to the same tax as herein provided, if such transfer is made within two (2) years prior to the death of the grantor, vendor, or donor, of a material part of his estate, or if the transfer made within such period is in the nature of a final distribution of prop- erty and without adequate valuable consideration.” Three opinions of this office have dealt with similar problems. Opinion O-4109 dealt with the following facts. The husband by will disposed of the entire community estate, set- ting up a trust for the surviving wife who was to have the use of the homestead and household furnishings and an annuity of $24Og,Og per year for life. At the termination of the trust the corpus was to be distributed to aeven named parties, The #tar- viving wife elected to take under the will, and the opinion holds that although the wife’s interest was not subject to tax by rea- son of being less than her community interest, Jones v. State, 5 S.W. (2d) 973, the remainder interests in the properties pass- ed to the devisees by the will of the husband; that all property passing under a win absolutely or in trust is subject to tax by Hoa. Geo. H. Sheppard, Page 6 (V-70$) rmcH0 & me&g under a condition tUrned in Article 7117, SUI pr@; d tbt *the inheritance tax . . ., weei to be base& uplo t&6 tehl wlue eo pcr6ta~ to thsm owl iit E4fied up.on ml vlmu aU aaly the one-half commutity intetedt of *a tret8tW * * waste, I3 The writer of Opinion O-4109 reached the conclusian Wr %re entire-osrrutieo interest pwsed unrkr the will by re4e * *on of authorities ‘tifcb &ol4 WC toJlur tLa detrfae of election %e who accepts II ban&t under a w@L mudd adopt the whole cm- tents of the instrument, so far aa it concerns him. , ,’ Phfll e Y, Hollida , 24 Tax. 30; aad that title i9 &rived from t livdk g=Fg$&Wg t;y;;,z1 -“4;&w&y& wl@o toek the view 6&$ when elsct6 te ww uader the htisband’d) wok whi a&* cm muf&ty eetate, the4 inbadi6nce tuceg 4uu by hemwn of the ree*L* al property by third p~rtias must be computed on the b&811;U#fxlr WI vbtluwof the property received. Opinion O-5557 involved the fallow&# i*at$, Ibe &z#- hand’s will created a testamentary trust disposing of the entire community estate. The surviving wife allowed her share of the community to pass according to her husband’s will which pro- rided that she receive 316 of the trust income for life and Wt 8 gotr cnl daughter er their ehildrelli, on stated contingencies, xeeeive the balance of the income in fixed amounts and the cor- pus of the trust ten years after their mother’s death. The q&n- ion holds that the wife’s relinquishment of her share of the cdm- munity was 4 “deed, grant, sake or gift made or intenakd to i&s# effect in possession or enjoyment after the death Oz i&e grentoe ar donor “; end that therefore at her Ieatb an inheritice tax WWF due, “such tax . . . to be based um the full amount ef suCh inn WWste ariefng from b&cl. Handley’s one-half interest in tbe cbmsnusity proper@ which forms the corpus of the trust.” Thus unly one-half of the other deyisees’ ‘interests was regwded as having passed by the wilt. of the husband, the other one*hrtf p4$$- ing on the death of the wife-a result which is clearly contra to the result reached in Opinions O-4109 and O-191, which held that as a result of the wife’s eleCtion the whole community estate pass- ei under the will, Tbnr miter further strted tkat it ~48 not nM%es- aary te decide whether the wil:l reguiked an election in the tech- nical sense of the term since it was certain “that by such relin- quishment Mrs. Handley divested herself of her share in the corn-- munity and placed such share under the testamentary trust creat- eU by her husband’s will to be distributed in accordance with the terms thereof, Certain also is the fact that the relinquishment operated to bestow upon the ultimate beneficiaries of the trust one-half of whatever they acquire under such trust, Practically and legally the result is the same as if Mrs. Handley had at the time of her relinquishment created a separate and independent Hon. Geo. H. Sheppard, Page 7 (v,-704) trust with her share of the community, employing the same pro- visions that were contained ia the trust sstablished by her hus- band and designating the same beneficiaries,” The writer of this opinion reached the conclusion just stated by analogy to the decision in Bethea v. Sheppard, 143 S.W. (2d) 993, error refused. The facts in the Bethea case clo~oly parallel the facts presented by your instant request. In the Bethea case Mr. and Mrs. Hcnke executed a joint and mutual will (lacking the express contractual provision of the T. G. Hendrick will) which provided, as did the Hendrick will, for the disposition of their en- tire community estate. As in the material parts of the Hendrick will, the will constituted the trust instrument and provided for cer- tain bequests to become effective on the death of the husband, who was made trustee of the wife’s interest in tbo evemt she predeceas- ed him; but if the husband predeceased the wife, the entire commu- nity estate passed into the trust established by the will. Under the terms of the trust agreement, after her husband’s death Mrs. Hen- kc was to receive $40,000 per year (subject to increase on stated contingencies) for the remainder of her life. The daughter, Mrs. Bethea, likewise received an income from the trust during the life of her mother and for eight years following her death, at which time, again subject to stated contingencies. she was to receive the corpus of the trust. Mr. Henke did predecease his wife. and the will and trust instrument was probated as his will, and inheritance taxes were paid the State on his one-half of the community estate. When Mrs. Henke died, Mrs. Bethea contested the payment of in- heritance taxes on her mother’s one-half of the community estite which had gone into the trust. The Court held that “the net value of the corpus of the trust estate in suit was taxable upon the death of the grantor. . .” on the grounds that by its very terms the trust instrument “brings the iastant case squarely within tbo statute, which . . . imposes the tax upon the passing of the property or in- terest therein when ‘made or intended to take effect in possession or enjoyment after the death of ths grantor.“’ Now if the property had passed “by the will” of Mr. Herke which’also established the trust, a fortiori, it could not have passed, as the Court held that it did, by “deed, act, sale or gift” from Mrs. Henke “made or in- tended to take effect ia posseasioa or enjoyment after” her death. The fact that Mrs. Hendrick received no income from the trusts here involved can in no way operate to cause the transfer of her community interest to the trusts to pass by the will of Mr. Hen- drick. In her case, no beneficial interest was reserved, nor was the transfer in any way deferred until her death. So we are of the opinior that it follows as a necessary corollary to the Bethea case that by the terms of the foist and mutual and contractual will, Mrs. Hendrick made what was, in effect, a transfer of her community in- terests to the trusts named therein and that said transfer took ef- Hon. Geo. H. Sheppard, Page g (V-704) fact on the happening of the limiting condWon precedent, to w&t* Mr. Hendrick’s death-not hers. So viewed, t&e transfer fails to come within the provision of Article 7117 rehting to property passing by will. We think that the foregoing fultp auhlltantiatea this con- clusion; but in view of the adverse affeat en the atate’s revenue# which will result from an overruling 3 Opifiicas 04109 Uwt g-1)1, we think it proper to support our conoIt@ia by further &&isct.u3rlen of relevant authorities, We think that our holding is consistent with the holding of the Commission of Appeals in Jones v. State, 5 S.W. (2d) 973. In that case “the testator died leaving a community estate of the to- tal value of $335,246.00. The will by its terms devised to the wid- ow certain specific property of value approximately one-half of the total community property. * The will specifically requested the wife to accept the bequests “in lieu of her community and.dower interest in all other property.” The surviving wife accepted the provisions. The Court said: ‘Much strags has been laid by cotmae $0~ tha state upon the doctrine of electirm under wills under which rule it is contended the Burviving wife, havi eleotsd to take under the will, has done $0, wd wil? not be heard to dispute her act&en er to avoid the ef- fect thereof: that by a proper application of the doc- trine there has passed by the will the specific devises made. 0-1 the other hand, coutlsltl for laintiffs in er* ror insist the doctrine does nut a~&&* P this case, be- ’ cause she has taken nethiq un&r ihe will which abs would net otherwise have been entitled te trke, and therefore thoro is ne squity to estop her, “It cannot be said broadly that the surviving wid- ow ha8 not taken anything under ths will which she would not otherwise havs received, since she has re- ceived specific property under the will, whereas in the absence of the will she would have owned an un- divided ene-half interest in all the property. But this is of no moment in the consideration, for we have seen that by the terms of the statute before the tax is imposable the property must have passed by the will. We are of the opinion no property passed to the widow by the will in any event. It is undisputed that all of the Q&ate possessed by the testator was community prop- arty, As mat!& of law, the wife was the equal -02 in her own right of one-half of that estate.. . . Hon. Geo. H. Sheppard, Page 9 (V-704) “Now if the surviving w~idow owned in her own right an undivided ore-half interest in the community property of herself and husband, then she had title to that extent to such property, and, if the will of deceas- ed did not pass any property to her, clearly she is not taxable. The will did not pass any property whatever to her, because it operated only as an effective parti- tion of the community property after death. A parti- tion deed or agreement does not pass title at all. In- deed it is not within the statute of frauds. It may as well be oral as in writing, all because a partition is not a conveyance of land. (Citations omitted) “Under the undisputed facte, the surviving widow having received no more than her just share of the community property fully owned by her prior to the death of her husband, or if slightly in excess of her one-half, yet not as much as the minimum amount taxable under the act, $25,000, she has received no property through the operation of the will. The only effect of that instrument was to partition the commu- nity property between the surviving widow and the other beneficiaries: in other words, to make definite the particular portion of the community property OWR- ed by her, and not in anywise to affect, by increasing or diminishing, her estate. This is not the passing of property contemplated by the Inheritance Tax Act. To impose the tax under such circumstances would be to visit the tax upon the real owner whose real right to the property has not been affected one way or the other by the death of a co-owner, It in undisputed that the taxes have been paid upoa that portion of the estate received by the others named as devtsees who took the testator’s one-half of the property.” Opinion O-4109 recognized that under the doctrine of Jones V. State, supra, no inheritance tax was due the State from the surviving wife since the value of the interest received was less than the value of her community interest; however, the re- mainder interests (partially composed of the wife’s community) were regarded as passing under the will. We do not think that the holding in Jones v. State can be properly limited in its ap- plication to that part of the wife’s interest which is received by the wife. In other words, we are of the opinion that if the hus- band’s will did not “pass” her interest to her “by will” within the meaning of that phrase as used in Article 7117, V.C.S., it likewise does not “pass” her interest to others “by will.” It is true that there are authorities which, in analogous cases deal- ing with the relinquishment of dower rights, have regarded prop- I&n. Geo. H. Sheppard, Page 10 (V-704) erty so passing as subject to tax under similar statutes in other states. The opinion of the Court of Civil Appeals in Jones v. State, 290 S.W. 244, which was overruled by the Commission of Appeals, cited and followed numerous of these authorities all holding, in effect, that when the wife accepts under the husband’s will a bequest in lieu of dower, the proper so accepted is subject to inheritance tax. In rejecting the Court of Civil Appeals’ opinion, the Commission of Appeals affirmatively rejected this line of authorities. Mr. Judson Falknor praised this decision in an article entitled “Liability of the Entire Community Estate for the Payment of State In- heritance Tax When IIusband Undertakes to Dispose of Entire Community Estate by Will and Wife Elects to Take Under the Will.” 5 Wash. Law Rev. 55. Mr. Falknor said: II . . . The language used by . . . the Supreme Court of Texas . . . is logical and in conformity with our fundame,nwt notions of the community property system /?.e., the wife’s actual ,legal ownership of her?ommunity interest as eontra- distinguished from the common law dower right which is generally viewed as an equitable inter- est or as an expsctancy and which was involved in the cases relied upon by the Cou f of Civil Ap* peals’ opinion which was overrgle 4 and a sirngIe application of the fundamental conceptions demon- Btrates not only that the stat& fi%ferring to t&i State of Washington under our$resent Inheritance Tax Statute, is not ;I ntitled to e tan upon the wife’s share in the community property, even where she elects to take under the will, but that an attempt on the part of the state to levy such a tax raises u serious constitutional question as te its right to cl0 SO.. . . . . 6 6. . “Before the state can plausibly make such an attempt, a further voluntary arid affirmative action on the part of the wife is required, In other #clr&, she must agree and consent, either by a for-1 writ- ten acceptance of the will and relinquishment of her interest in the community property, or by virtue of an estoppel, that her half of the community property shall, along with the husband’s half, be turned inta the trust. But ,I$& &mounts to nothing more than a conveyance by the wife to the trustee, after the de@% of the husband, of her interest in the community prop- erty. The fact that the entire community property Hon. Gee. H. Sheppard, Page 11 (V-704) finds its way into the trust does not mean that the trustee or the beneficiaries under the trust re- ceive the property by will or inherftance; it sim- ply means that one-half of the community property goes to the trustee for the benefit of the named bene- ficiarie.8 by virtue of the will of the hnsbad, and the other half of the community property goes kto the trust because of the voluntary and, what clearly seems to be, the legally affirmative act of the wife.” Thus, as we view the matter, Opinion O-5557 reaches the correct result, and even in cases in which the surviving spouse takes affirmative action to relinquish his or her com- munity share after the death of the spouse who has by will dis- posed of the em community estate, the share of the survivor does not pass by the will of the deceased spouse within the mean- ing of Article 7117. Opinions O-4109 and O-191 are therefore overruled. We think that the instant case in which the surviving wife entered into the trust agreement prior to the death of the husband is an even clearer case for the refutation of the view that her community interest passed “by his will” within the meaning of Article 7117. To lump the estate of the surviving spouse with the estate of the deceased spouse and compute an inheritance tax on the combined value is clearly contra to the obvious purpose of the provision of the statute which imposes a tax upon the receipt of property which has parsed “by will,” since it was obviously designed to tax the privilege of receiv- ing property from the dead-not from the living. Even thought we have concurred with the theory sub- mitted by the attorney for the e:xecutor, i.,e., that only T. G. Hendrick’s one-half interest in the community is subject to tax as passing by will, we differ as to the amount which passed from T. G. Hendrick’s interest to the Baptist Foundation as trustee on which the taxes due are to be computed. Your file shows that at the death of T. G. Hendrick the value of Ida Hendrick’s community was placed at $2,269,289.44. However, it must be borne in mind that $500,000 of this amount was specifically diverted into the trust establi,shed for her ben- efit, and altimately, on her death, for the benefit of the Hendrick Home for Children at Abilene. To that extent, then, the ratio of her contribution to the Baptist Foundation must be deemed to have beer reduced accordingly, and the amount passing by the will to the Baptist Foundation from T. G. Hendrick% community interest necessarily exceeds one-half of the sum bequeathed in the same ratio. Specifically, the value of the amount which pass- . . Hen. G#. If, Bheppud, Page 12 (V-794) el, fran T. 0. Hm&Ack’e estate shQIILs6 MmdS?&m~d by multi- plplali *e, waeuat of the taxable beque&# w Ljketise, In this case we thi@ tkalM~!lr. Hendrick’s ,*rmatfve actr, in jotni.ng in and acc,eptfng the previsions of T. G. Xisndrkk’s will dis,posin~ of the community es+.ate, follow- od by her de&b wi,thin kas than two yews, comb aI@& ,fh9 f&l- loWing previdon of Article 7117, V.C.S.r Any treader made by l grm~tor, vsndr at did,: whether by deed, grant, e8k, vr gtiti, &U, . unless shown to the contrary, be deemed $0 have been made in contemplation of death and subject to the game far as herein provided, il $wB tr&&~ is made withtn two (2) years prior ‘1AVU &a&i& d thr grantor, vendor, or doww, ad l ~&S&U &a!0oi h&a @tabs, or if the transfer mada Wit?&8 gpdx period IS in the nature of a final distributfon of prlppsrty and without adequate valuable coauhloratiion,” Therefore, on her death an inheritance tax beeame due and owing the State, and should ba compute8I on the baeis of the amount of the gift of her community Sntesreat; spe~cifically, that amount should be determined by multiplying the value of the ~tax- able bequeets by 1,769,299.44. Even though the $500,000 trans- 930 570 8% fer from her prope@rty ;o the trust established for her benefit is also clearly within Article 7117 as a transfer “by deed, grant, sale, or gift made or intended to. t&e effect in possession or en- joyment after the wth of the grantor or donor,” Bethea v. She - rd.143 SW. (2d) 997, error rc)fus~II &are is, odx %“bY reauoa of the fact that the ult%mate beneficiary, tbb Hen- ~dHme for CWdrea. is eammpt by virtue of Article 7122, l . We hast thet the foregoing hse answered yeur q#Hoa and are returning your file herewith. S-Y ‘,’ Where aommunfty eetete was canpletely dia- pmocl of at death of husband by J&&t wili and kugt iaemma& only the wlw of %s amelgn~ u&g& . HUM fran hi$ community one-half shoutd k# wmd Y) a tad for cmnputing the inheritance taxes due etsarr duih. uadem kctu e*bcl, ialicritdlace t&m% rWo becune d&e at W w!fob demtb, which occti lea@ W two years after the husband’s death; and Hon. Ceo. H. Sheppard, Pago 13 (V-704) the Laei~ for computing the taxes dim et &e-r bnrrth should be the value of the Am@ *beklr lmd puo*d from her OM-half of #c co?rlm@* *t @A6deba of the husband to the beneficierl*s rluva ta the )sht will Ad truet istetrumoat. brlonr 0493 d ?4M9 are overruled to the extent % aq o#liut W&k&i@ 143 $.W.@d) ptl, #4fa ATTORNEY oEaouLobTE%As bfC/JCP ENC. (1) APPROVICDI