-2- FACTS The Trustees, under the Will of the late President Roosevelt, have petitioned this Court for a Judicial Settlement of their Intermediate Account as Trustees for the period September 1, 1947 to date. They also seek clarification of their rights and duties with respect to prosecuting any possible rights of the Estate under Section 421 and 939 of the Internal Revenue Code, which extends certain tax benefits to persons dying while in the active service or members of the military or naval forces of the United States. The relief prayed for in the petition herein, is as follows: - 1. The Court approve, authorize and direct the abandonment of any and all claims of the estate, based upon Section 939 of the Internal Revenue Code relating to refund of estate taxes and that the petitioners individually and in their capacity as Executors and Trustees be relieved, released and forever discharged from any responsibility, liability or accountability with respect to said claims of the prosecution thereof in any manner whatsoever and; 2. The Court determine, adjudicate and direct with respect to any and all claims of the estate herein based upon Section 421 of the Internal Revenue Code relating to refund of taxes, a) that said claim be prosecuted to find adjudication by appropriate proceedings (MORE) |