In re the Estate of Hosford

Foley, S.

These are cross-appeals by the State Tax Commission and the executors and trustees of the estate from the order fixing the transfer tax in this estate. The decedent died December 29, 1925.

The appeal of the executors and trustees will be considered first. The first ground of appeal is overruled. I hold that the appraiser correctly reported the item, “ Cancellation of debt plus interest, $36,866.65,” as subject to a tax against the widow of decedent. This amount represented a debt of $25,000, with interest, due to the decedent from the widow. The terms of the agreement made between…