In re the Transfer Tax on the Estate of Lawrence
Appellate Division of the Supreme Court of the State of New York
Appeal by Sebastian D. Lawrence, as executor of and trustee under the last will and testament of Joseph J. Lawrence, deceased, from an order of the Surrogate’s Court of the county of New York, entered in said Surrogate’s Court on the 25th day of April, 1904, assessing a transfer tax upon the income actually paid over to the several beneficiaries under the will of the said deceased.
1Opinion of the Court
McLaughlin, J.:
On the Jth day of December, 1893, Joseph J. Lawrence, a resident of the county of New York, died, leaving a last will and testament,. which was thereafter admitted to probate and letters testamentary issued to the executor therein named. By the 3d clause of his will he gave to his executor in trust the sum of $30,000 to invest and pay the income therefrom to his stepdaughter, Ethel King Hepburn, so long as she should live or until she married, and thereafter directed that the principal sum should become part of the residue of his estate to be disposed of as provided in the…
2Cited by1 opinion
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