Legal Opinion
In re Ely's Estate
New York Surrogate's Court
Decided March 6, 1912PublishedCited by 3 opinions
In the matter of the estate of Smith Ely. Application by a trustee to have declared exempt the corpus of a trust fund.
1Opinion of the Court
FOWLER, S.
This is an application by the trustee of a trust fund
to have the corpus of the trust fund declared exempt from taxation under the Transfer Tax Law. The decedent, who was a resident of New York, died on the 1st of July, 1911. On the 17th of October, 1904, he executed a trust deed by which he granted and transferred to the United States Trust Company of New York, as trustee, 100 shares of the preferred stock of the American Chicle Company; the income therefrom to be applied to the use of Minnie E. Leo during her life, and upon her death the said income to be applied to the use of h,er…
2Cases cited2 opinions
- In Re the Transfer Tax Upon Certain Trusts Made by BostwickNew York Court of Appeals · 1899
- In re the Appraisal under the Transfer Tax Act of the Estate of MasuryAppellate Division of the Supreme Court of the State of New York · 1898
3Cited by3 opinions
- In re the Transfer Tax upon the Estate of CochraneNew York Surrogate's Court · 1921
- In re the Transfer Tax Upon the Trust Estate Created by HoytNew York Surrogate's Court · 1914
- In re the Estate of BowersNew York Surrogate's Court · 1920