In re the Estate of White
Appellate Division of the Supreme Court of the State of New York
Appeal by Carl T. Chester, as executor, etc., from, a decree of the Surrogate’s Court of the county of Erie, entered in said Surrogate’s Court on the 21st day of September, 1911, affirming an original determination of said surrogate upon the report of the transfer tax appraiser affixing the transfer tax upon the estate of Elizabeth B. White, deceased.
1Opinion of the Court
Foote, J.:
In the order appealed from the learned surrogate has held that the transfer tax upon the life estate in a fund of $200,000, bequeathed by the will of Elizabeth B. White to a trustee in trust to invest and pay the income to Gilbert B. Morgan, grandson of the testatrix, during his life, is taxable on a valuation of the legacy based upon the probable duration of the life of the grandson at the time of the testatrix’s death, ascertained by the Superintendent of Insurance according to the standards in use in his office, notwithstanding the fact that the grandson Morgan died about eight…
2Cases cited1 opinion
- In Re the Appraisal of the Property of SloaneNew York Court of Appeals · 1897
3Cited by1 opinion
- In Re the Transfer Tax Upon the Estate of WhiteNew York Court of Appeals · 1913