In re the Transfer Tax upon the Estate of Schmidlapp

Cohalan, S.

Appeals have been taken by the trustee and one of the beneficiaries under a deed of trust, respectively, from the order fixing the transfer tax on the ground (1) that the imposition *216of a tax on the property transferred by the trust deed was erroneous; (2) that remainders over which an absolute power of appointment was given have been presently taxed; (3) that shares of stock in certain corporations have been appraised in excess of their fair market value.

The decedent, who was a resident of the state of Ohio, died December 18, 1919. He executed a trust deed dated January 14, 1915,…