In Re the Appraisal for Taxation, Under the Act in Relation to Taxable Transfers of Property, of the Estate of Gould
New York Court of Appeals
Gross-appeals from an order of the Appellate Division of the Supreme Court in the first judicial department, entered July 2, 1897, affirming an order-made by the surrogate of the county of New York adjudging the amount of taxes to be paid by the property of the estate of J ay Gould transferred by will, under the act in relation to taxable transfers of property (L. 1892, ch. 399). The facts, so far as material, are stated in the opinion.
Read the full summary
Gross-appeals from an order of the Appellate Division of the Supreme Court in the first judicial department, entered July 2, 1897, affirming an order-made by the surrogate of the county of New York adjudging the amount of taxes to be paid by the property of the estate of J ay Gould transferred by will, under the act in relation to taxable transfers of property (L. 1892, ch. 399). The facts, so far as material, are stated in the opinion. The testamentary provision of $5,000,000 to George J. Gould was not in payment of any legal debt, but was a gift or gratuity from decedent, and liable as such…
1Opinion of the Court
Parker, Ch. J.
In a codicil to the last will of Jay Gould appears the following: “My beloved son George J. Gould having developed a remarkable business ability, and having for twelve years devoted himself entirely to my business, and during the past five years taken entire charge of all my difficult interests, I hereby fix the value of his said services at five millions of dollars, payable as follows : Five hundred thousand in cash, less the amounts advanced by me for the purchase of a house for him on Fifth avenue, New York city, and such amount as I shall hereafter advance to purchase…
2Cited by85 opinions
- People Ex Rel. Hatch v. . ReardonNew York Court of Appeals · 1906
- Estate of RathCalifornia Supreme Court · 1937
- State of Colorado v. . HarbeckNew York Court of Appeals · 1921
- In Re the Transfer Tax Upon the Estate of OrvisNew York Court of Appeals · 1918
- Estate of Bernays v. MajorSupreme Court of Missouri · 1939
80 more not listed; retrieve them via the Exa API.