In re the Estate of Havemeyer

Thomas, S.

Appeal from an order fixing tax under Transfer Tax Law. In estimating the value of the entire personal estate of the testator for the purpose of ascertaining what portion of the indebtedness should be charged against assets taxaable in this State the appraiser fixes the value of 4,800 shares of the stock of the American Sugar Refining Company at $528,000. The attorneys for the administratrix object to this appraisal and insist that, under the facts of the transaction concerning this block of 4,800 shares of stock, such stock constituted no part of the estate of the decedent. This…