Clipped From The Ogden Standard-Examiner

geniburg Member Photo

Clipped by geniburg

 - with- g n o s i s the by several town residents...
with- g n o s i s the by several town residents who contended the town did not have the rislit to exclude ORilen city water in favor of the town's new- water system UTAH DEMANDS ESTATE TAXES Petition Filed Regarding Holdings of Late Hyrum Belnap A petition that the Second district district court r e q u i r e Anas G. Be!nap, surviving co-administrator of t h e ' e s t a t e of Hyrum died Sent. IS. 1039. to fi'.e a sup- ' plemental inventory, including added property allegedly subject to the state inheritance tax, was filed today in Second district court by the state tax commission. The commission alleges Hyru.m Belnap transferred four pieces of property to a corporation known as the Hyrum Belnap corporation, reserving to himself all income from the property for life. The corporate charter was revoked in 1934 because of failure to pay the state franchise tax. State's Contention However, of the corporation's 230 slock shares. Hyrum Belnap retained 140 shares as his own and caused the other 110 shares be issued in the names of his children, children, alleges the tax commission. The commission charges the who cor- rug A. D. c'.os- intercst- in| Thor- by se| selections transfer of property was a transfer intended to take effect a t r a n s f e r mienutu iu f in possession after Belnap s death, and therefore the property is i L - 1.1 ~i,, i ,, :»-,Vi("i»-it-'5 l n/-«rt T U V J v » jei.t to the state inheritance tax. The co-administrator, alleged the tax commission, has refused to include the full interest in the property in the inheritance tax report, report, claiming inheritance taxes due the state should be based only the proportion of the proner- ty "represented by the decedent's the 140 shares. Children's Portion The commission asks t h a t the court adjudge the transfer as taxable taxable and order the co-administrator co-administrator to file a supplemental inventory inventory including the property represented represented by the 110 sharer issued the c h i l d i o n . which was from the original report. The court is also asked to have the administrator appraise the latter portion for inheritance tax p u

Clipped from
  1. The Ogden Standard-Examiner,
  2. 30 Apr 1940, Tue,
  3. Page 14

geniburg Member Photo

Want to comment on this Clipping? Sign up for a free account, or sign in