The Farmers’ Loan and Trust Company, as Trustee Under a Deed of Trust, Dated February 3, 1920, Made by Helen C…

Summary

The Court held that the 1920 deed of trust and accompanying powers of attorney did not effect a present transfer of the securities, leaving the gift inchoate at the donor's death and thus no trust was created; it also affirmed that Federal estate taxes are to be borne by the residuary estate.