Legal Opinion
In re the Estate of King
New York Surrogate's Court
Decided February 7, 1957PublishedCited by 7 opinions
1Opinion of the Court
Joseph A. Cox, S.
The will of testatrix provides a number of legacies, general and specific, and bequeaths the residuary estate in fractional shares to be held in trust for the benefit of two nephews and a niece. The tenth article of the will directs the executor to pay any inheritance, succession or transfer taxes out of the residuary estate. The net estate before taxes is more than is required to pay the nonresiduary legacies but the residue is not sufficient to meet the tax charge. The normal procedure in such a situation is to apply the full residuary estate to the payment of the tax and…
2Cases cited8 opinions
- In re the Estate of PepperNew York Court of Appeals · 1954
- In Re the Accounting of PhippsNew York Court of Appeals · 1948
- In re the Accounting of PhippsNew York Supreme Court · 1946
- In Re the Will of BlumenthalNew York Court of Appeals · 1944
- In re the Estate of HalstedNew York Surrogate's Court · 1940
3 more not listed; retrieve them via the Exa API.
3Cited by7 opinions
- In re the Estate of VolckeningNew York Surrogate's Court · 1972
- In re the Estate of ChodikoffNew York Surrogate's Court · 1966
- In re the Estate of KramerNew York Surrogate's Court · 1974
- In re the Estate of GeorgeNew York Surrogate's Court · 1970
- In re the Estate of MatzNew York Surrogate's Court · 1958
2 more not listed; retrieve them via the Exa API.