In re Rosenberg's Estate
New York Surrogate's Court
In the matter of the estate of Henry Rosenberg, deceased. Heard on appeal from order fixing the transfer tax. Order fixing the tax modified.
1Opinion of the Court
THOMAS, S.
The business conducted by the decedent, in premises rented by the month, owed much of its value to the confidence inspired in customers by the presence of the decedent. I fix the value of the good will at $800, or two years’ purchase of the net profits, after allowing $2,000 per year for the decedent’s services.
The joint deposit in the Bank for Savings was made up of sums which appear to have been previously given by the decedent to his wife, and such deposit is not taxable. The deposit in the Dry Dock Savings Institution in trust for Mildred Adler is taxable, in so far as it…
2Cases cited1 opinion
- In re Barbey's EstateNew York Surrogate's Court · 1908
3Cited by2 opinions
- In re the Transfer Tax upon the Estate of DupignacNew York Surrogate's Court · 1924
- Thursby v. KirbyNew York Supreme Court · 1939