Legal Opinion
In Re the Transfer Tax Upon the Estate of Reed
New York Court of Appeals
Decided July 9, 1926PublishedCited by 10 opinions
1Opinion of the CourtPound, J.
The decedent herein died on the 26th day of April, 1923. Transfer tax proceeding was had, the report of the transfer tax appraiser filed and the pro forma order fixing tax was entered in the office of the surrogate of New York county. The executors appealed from this order upon the ground that the transfer tax appraiser in valuing the common stock of Pettit & Reed, Inc., of which deceased was a stockholder and the president, included as an asset of the corporation the sum of $150,000, proceeds of life insurance policies carried by the corporation upon the life of the decedent, payable to the…
2Cases cited3 opinions
- Empire Development Co. v. Title Guarantee & Trust Co.New York Court of Appeals · 1918
- In Re the Appraisement of Legacies & Assessment of Collateral Inheritance Tax Under the Last Will & Testament of KnoedlerNew York Court of Appeals · 1893
- Reed v. Provident Savings Life Assurance SocietyNew York Court of Appeals · 1907
3Cited by10 opinions
- Welch v. Commissioner of Corporations & TaxationMassachusetts Supreme Judicial Court · 1941
- Fagan v. BugbeeSupreme Court of New Jersey · 1928
- In Re Estate of MarshallSupreme Court of Minnesota · 1930
- In re the Estate of HorchlerAppellate Division of the Supreme Court of the State of New York · 1971
- Laird v. CommissionerUnited States Board of Tax Appeals · 1933
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