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Marion Progress
Marion, Mcdowell County, North Carolina
What is this article about?
North Carolina Attorney General A. A. F. Seawell announces the state will receive $2,000,000 inheritance tax from the estate of tobacco heir Smith Reynolds, following the expiration of appeals on May 12 and a prior compromise settlement.
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Seawell said time for filing appeals expired May 12, and none of the parties to the action entered objections to the "compromise" settlement reached several months ago.
"The state should receive its money as soon as an audit of the estate now under way is completed and approved by Judge Eli Frank of the circuit court of Baltimore," Seawell said.
The state agreed to accept $2,000,000 as its tax from the estate after a long litigation.
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Where did it happen?
Domestic News Details
Primary Location
North Carolina
Event Date
May 12
Key Persons
Outcome
state of north carolina to receive $2,000,000 inheritance tax upon completion and approval of estate audit.
Event Details
Attorney General A. A. F. Seawell stated on May 20 that the time for filing appeals expired on May 12 without objections to the compromise settlement reached several months ago. The state agreed to accept $2,000,000 as its tax from the estate after long litigation. The money will be received after an audit is completed and approved by Judge Eli Frank of the circuit court of Baltimore.