Show SUTTON FILES I SUIT So-IT TO FORCE fORGE I i THOMP THOMPSON UN TAX I j 1 I j Heirs Haled Baled Into Court to toi i Show Cause aus Why State Inheritance Levy Should I Not Be P Paid id Alleging that to escape the provisIons provisions provisions pro pro- visions of the state Inheritance ta tax law Ian the late Mayor laor E Ezra fa Thompson Thomp Thomp- son transferred d. d more than thon a million dollars worth of or properly to holdIng hold hold- holdIng Ing log companies for the benefit t of or hi his heirs State e Treasurer W. W D. D Sutton Sut- Sut ton filed Ja a r ft in the probate r division of or the Third district court coutt coutte Monday a afternoon as 1 that a the heirs e abe abea be cited into coui 1 to show rl cause why hy they should not pay the tho state inheritance tax on this croP croP- ert erty Judge I L. L B B. B Wight Q of the probate division has set January Ja JaI I Y 2 as the date for the heirs to appear and arid show caus cause If It th they y have an any wll will why they should not pay the inheritance tax The petition alleges that list Mayor Thompson In Jn contemplation 01 of or death organized and tr transferred about oth of properly to the Investment Invest Invest- ment merit company and aM the heE Ezra Exra ra Thompson Thomp son Investment company as 1 holding bolding companies for forno no lIi benefit of his children dren I ASKED The petition also asks an order that th the the- state appraisers appraise the estate e for tile purpose of de determining determining de- de mf f t the leta tax 3 due under tho the inheritance law The petition filed by the state treasurer alleges that Mr Thompson Thomp Thomp- son who died April S. S 1923 was in possession of real and personal property within the state of or Utah valued at more than It Jt further alleges that In March 1917 1817 two companies were formed received from Mr Me- Thompson large amounts of properly which Ch was as Intended in intended In- In Pt Je ld rr tended for the children of Mr Thompson after his death On One of the corporations was vas called the Murdock InveStment company according t to lII p peti peti- tl- tl which was organised March larch 17 1917 by James D. D Murdock k Vf a II Thompson William W. W l Murdock and Norinne T. T Brown The firm w was s capitalized at in 1000 shares 48 of which were ere su subscribed subscribed sub sub- b- b scribed by the late Ezra Thompson and on one share each by Lynn Thompson Thomp Thomp- son and Norinne Brown ALLEGED To this com company ariy Mr tr Thompson transferred real estate worth for the the- stock received by him and his two children the petition alleges The ThO corporation the Ezra Thompson investment company com corn pany waS war organized ed on March Mardi 31 31 1917 the petition states state by Lynn Thompson Emily P. P Thompson Dorothy Z Brown Bro Broni BrownI i I and If IT Ross Rosa Brown The capital of or orI I this company was set at in 1000 shares hares of which Mr Thompson subscribed shar shares s and the other members of oC the family subscribed one share each The Thc l late te Mr transferred transferred transferred trans trans- Veal real eal estate and property orth worth to this company the tho petitioner states The property in included in- in eluded Salt Lake and Park City real estate and bank stock The petition petition peti peti- tion further alleges that subsequent to these transactions Mr Thompson transferred practically all the stoe In the two companies to his children children chil chil- dren without an any consideration and andas andas andas as a gift S TO liE HE HELD IX IS TRUST It also is alleged that the property property prop- prop I erty was to the com com- panics panl's to be held in trust for t tie the e benefit o of the children of or Mr Thompson in contemplation of Mr Thompsons Thompson's death The rile document sets ets forth that the two corporations named amed and the children of ot Mr Thompson hompson are liable Hable for payment rayment of f Inheritance tax on the assets of or E Ezra ra Thompson which were transferred transferred trans- trans erred to the companies The petition further alleges that Thompson h transferred a er i worth rl of fm stock in the h Cardiff Mm Ing ing ng Milling company to to his ills four children Norinne J Brown Lynn Ezra Phillip and Clyde Thompson |