Transfers to executor as trustee in lieu of fee
Sec. 7. If an individual transfers property to an executor or trustee
in lieu of his fee, the inheritance tax applies to the transfer if the
value of the property transferred exceeds the fee that would have
been due if the transfer had not been made. The value of the property
so transferred equals the amount of the excess.
As added by Acts 1976, P.L.18, SEC.1.
Last modified: May 28, 2006