Re Boyd (deceased) Knowles and Another v Commissioner of Inland Revenue - [1966] NZLR 1109

Revenue — Estate, gift and other death duties — Estate duty — Widow entitled to proceeds of life insurance policy on late husband's life — Signing letter to husband's executors expressing a wish to forgo policy moneys and that they be applied towards payment of estate duty — Whether a disclaimer of such moneys or direction as to their application — Whether such moneys forming part of widow's dutiable estate — Estate and Gift Duties Act 1955, s. 42 (4) (Estate and Gift Duties Amendment Act 1964, s. 6).

Executors and administrators — Benefit disclaimed by beneficiary — Whether such disclaimer may be withdrawn before being acted upon.