In re the Estate of Underhill
New York Surrogate's Court
Appraisement of the estate of Edward B. Underhill, deceased, for the purpose of fixing the value of certain legacies claimed to be subject to the collateral inheritance tax.
Read the full summary
Appraisement of the estate of Edward B. Underhill, deceased, for the purpose of fixing the value of certain legacies claimed to be subject to the collateral inheritance tax. The appraiser appointed herein to fix the fair market value of certain legacies claimed to be subject to taxation under chap. 713 of the Laws of 1887, has among other things reported the value of the following legacies thus: Abraham S. Underhill, and two others, as executors, in addition to their legal commissions and expenses, each . . . $500.00 The New York Institution for the Blind $500.00 The American Society for the…
1Opinion of the Court
The Surrogate.
There were three executors named in the will, all of whom qualified. To each of those who should qualify and act the testator be*264queathed five hundred dollars, over and above his legal commissions and expenses, one half of which sum was made payable one year after he should have qualified as such, and the other half on the final accounting, which could not, by reason of the provisions of the will, occur in less than seven years. Section three of the act provides for a case where a bequest is made in lieu of commissions; but these bequests are given in addition to them and are…
2Cases cited1 opinion
- In re the Estate of PeckNew York Surrogate's Court · 1890
3Cited by3 opinions
- Massachusetts Bonding & Insurance v. Rutley Construction Co.City of New York Municipal Court · 1936
- In re the Estate of SkillmanNew York Surrogate's Court · 1894
- In re the Estate of StebbinsNew York Surrogate's Court · 1907