Title
Bank of the Philippine Islands vs. Posadas, Jr.
Case
G.R. No. 34583
Decision Date
Oct 22, 1931
Bank of the Philippine Islands, as estate administrator, contested inheritance tax on life insurance proceeds, arguing half belonged to the widow as community property. Supreme Court ruled in favor, exempting widow’s share from tax.

Case Summary (G.R. No. 34583)

Characterization of Policy Proceeds as Conjugal Property

Because all premiums after the first year were paid from conjugal funds following the January 16, 1914 marriage, the bulk of the policy constituted community property under Civil Code Articles 1401 and 1407. Only the portion of proceeds attributable to the single premium paid before marriage remained paraphernal. Consequently, P20,150, less that first-year share, is divided equally between husband and wife’s interests in the conjugal partnership.

Doctrinal and Precedential Support

The court relied on Manresa’s commentary and North American precedents (Martin v. Moran; In re Stan’s Estate; In re Webb’s Estate) holding that life-insurance benefits become community property to the extent that premiums derive from conjugal funds. It contrasted this with policies paid solely from a spouse’s separate estate, which would remain paraphernal.

Beneficiary-Estate vs. Individual Beneficiary Distinction

The respondent argued that naming the estate conferred exclusive ownership of all proceeds upon death. The court distinguished between individual beneficiaries (who receive proceeds outright) and estates (whose assets include policy proceeds for administration). It held that, despite the estate’s role, the source of funds (conjugal vs. separate) governs property character under the Civil Code.

Taxability Under Administrative Code §1536

Section 1536 subjects any personal property located in the Philippines and transmitted by inheritance to taxation. The policy proceeds, having been delivered and retained in Manila for administration and partition, acquired a Philippine situs. One-half of those proceeds—representing the husband’s conjugal share now passing to the heir—constituted “transmission by

...continue reading

Analyze Cases Smarter, Faster
Jur helps you analyze cases smarter to comprehend faster—building context before diving into full texts.