In re Crerand's Estate
New York Surrogate's Court
In the matter of the estate of William F. C'rerand. Appeal by the executrix from the transfer tax appraiser’s report and the order entered thereon. Order fixing tax reversed, and appraiser’s report remitted to him for correction.
1Opinion of the Court
COHALAN, S.
This is an appeal by the executrix from the transfer tax appraiser’s report, and on grounds, two of which have since been abandoned, leaving the third *939ground, namely, the valuation of the corporation known as William F. Crerand & Co., to be disposed of.
The decedent died the owner of the entire stock of this, a corporation engaged in the business of publishing two trade journals. The appraiser fixed the value of this good will at the sum of $100,000, basing this on the profits for the five years preceding decedent’s death at an average of $20,000 per year. The appraiser’s finding in…
2Cases cited2 opinions
- In Re the Transfer Tax Upon the Estate of ReesNew York Court of Appeals · 1913
- In re Bach's EstateNew York Surrogate's Court · 1911
3Cited by1 opinion
- In re the Transfer Tax Upon the Estate of UlriciNew York Surrogate's Court · 1920