In re the Estate of Lawrence

Delehanty, S.

Deceased died on March 4, 1929. By paragraph sixth of his will he gave to his wife his entire residuary estate. She is one of the executors. His will makes no direction for payment of taxes.

*804By the second and fifth paragraphs of his will deceased placed in trust two funds having respective capitals of $75,000 and $25,000. In each instance he directed that upon the termination of the limiting life the principal was to go to the then ascertained next of kin of the respective beneficiary. A transfer tax was assessed contingently at the highest possible rate against the interests of…