In re the Accounting of Harris

Witmer, S.

In the course of this judicial settlement proceeding the court is asked to determine whether or not interest is payable upon the general legacies, and, if so, from what date and at what rate or rates interest shall be computed. Testator died on May 12, 1938, and his net taxable estate was reported at about $90,000, approximately one third of which was liquid. The principal nonliquid assets consisted of farm real estate and a controlling stock interest in a corporation bearing testator ’s name, and manufacturing special machines used in agriculture and the fruit industry. Testator…