In re the Estate of Person

Henderson, S.

It appears that the decedent died on April 21, 1931, leaving a net estate in excess of $5,000 which he bequeathed in trust. The income thereon is payable to his son until he reaches the age of thirty-one years when the principal is to be paid him by the trustee. In the event of the son’s death prior to that time, the principal goes to decedent’s brothers and sisters. The amendment of the Tax Law, relative to estates of persons dying after August 31, 1930, was designed to effectuate a final determination and payment of the tax upon a decedent’s estate without waiting for the…