Texas Attorney General Opinion: O-5294

Document issued by the Office of the Attorney General of Texas in Austin, Texas, providing an interpretation of Texas law. It provides the opinion of the Texas Attorney General, Gerald Mann, regarding a legal question submitted for clarification: Applicability of Inheritance Tax Statute (Art. 7117) to proceeds of policies of insurance taken out by decedent on his own life and thereafter assigned by him prior to the enactment of the statute without the retention of any right of control by the decedent