First To Pay Inheritance Tax

FIRST TO PAY INHERITANCE TAX

The Olsaver Estate in Webster Has That Distinction.

MUST PAY $180 TAX

That Being 1 Per Cent on All Over $5,000 of The Personal Property.

The new state law in regard to inheritance taxes has gone into effect. It provides that in most all cases of bequeathing personal property there shall be a tax of one per cent. over and above amounts of $5,000. This is payable to the county treasurer.

The first estate affected in Washtenaw county is the Olsaver estate in Webster. There was $23,000 of personal property, which will make it obligatory in Mary O. Bennett, the legatee, to pay one per cent. on $18,000 or $180 tax.

I might be said that exectuors are personally liable if the tax is not paid.