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Death and Taxes: Squabble Over WWII Jacket Reaches Conclusion

Ww2 jacketA family estate battle over a rare and valuable World War II fighter pilot's jacket has been resolved in court. The case is unusual not only because of the jacket, but also because of one family member's position in the case.

Americans were involved in World War II before the Japanese bombed Pearl Harbor. One such American was Phillip Epley, Sr., a fighter pilot and a member of the American Volunteer Group. This group was known as the "Flying Tigers." They were an elite group of fighter pilots employed by the Chinese government in its fight against Japan. Epley passed away in 2008, and left his entire estate, including his Flying Tiger memorabilia, to his wife.

When she passed away in 2013, a dispute began over ownership of the jacket that Epley wore during the war. It's estimated value? $24,000. Penn Live has more on this story and the history of the Flying Tigers in "Rare WWII 'Flying Tigers' flight jacket focus of Pa. court battle."

Most of the memorabilia went to Epley's son, Robert Epley. However, one of the wife's sons, John Stull, removed the jacket from her home. Her other son, Daryl Stull, was named the executor of his mother's estate and repeatedly asked John to return the jacket. John refused.

Daryl, acting as the personal representative, then reported to the state's Department of Revenue the value of the jacket and that John had possession of it. The government sent an inheritance tax bill to John based on that information. That's when John decided that he did not want the jacket and claimed that he was only holding it for Phillip Epley's son.

John tried to argue in court that he never owned the jacket and thus he owed no tax on it. The court was not convinced as he kept the jacket for more than a year and only gave it to Robert Epley when the tax bill came.

You can learn more about this topic as well as other strategies on our website under the tab entitled: estate planning in Virginia. Be sure you also sign up for our complimentary e-newsletter so that you may be informed of all the latest issues that could affect you, your loved ones and your estate planning.  However, proper estate planning is not a do-it-yourself project.  Why not call us for a complimentary consultation at 757-259-0707.

Reference: Penn Live (September 30, 2015) "Rare WWII 'Flying Tigers' flight jacket focus of Pa. court battle."

 

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