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Douglas Daily Dispatch
Douglas, Cochise County, Arizona
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Cochise County Superior Court rules in Higgins estate case, requiring payment of inheritance taxes on estate and corporate stock, enriching Arizona by about $70,000.
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$70,000 by Ruling
On Higgins Estate
TOMBSTONE, Ariz., June 22. (P)
-Through a decision handed down in the Cochise county superior court here today in the long drawn-out Higgins estate case, the state of Arizona will be enriched by approximately $70,000, court officials said tonight.
The state alleged that sometime before his death, Higgins formed a corporation in which several of the heirs of his estate were given stock, an effort to prevent the collection of the state inheritance taxes.
Today's decision held, in effect, that taxes must be paid on this portion of the Higgins property as well as on the estate itself, amounting to several hundred thousand dollars.
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Domestic News Details
Primary Location
Tombstone, Ariz.
Event Date
June 22
Key Persons
Outcome
the state of arizona will be enriched by approximately $70,000; taxes must be paid on this portion of the higgins property as well as on the estate itself, amounting to several hundred thousand dollars
Event Details
Through a decision handed down in the Cochise county superior court here today in the long drawn-out Higgins estate case, the state alleged that sometime before his death, Higgins formed a corporation in which several of the heirs of his estate were given stock, an effort to prevent the collection of the state inheritance taxes. Today's decision held, in effect, that taxes must be paid on this portion of the Higgins property as well as on the estate itself.