In re the Estate of Agins

Bertram R. Gelfand, S.

Upon this application, the executors seek an order reducing the rate of interest upon unpaid estate taxes from 10% to 6% from the date of death of decedent. The State Tax Commission opposes the granting of this relief.

Decedent died February 8, 1974. His last will and testament was admitted to probate by a decree of this court entered February 28, 1974. Letters testamentary were issued to his two executors on March 1, 1974.

The first payment made by the executors on account of New York estate taxes was made on November 8, 1974 in the sum of $6,000. That same month the…