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Probate Reports Annotated (Volume 3); Containing Recent Cases of General Value Decided in the Courts of the Several States on Points of Probate Law with Notes and References

Probate Reports Annotated (Volume 3); Containing Recent Cases of General Value Decided in the Courts of the Several States on Points of Probate Law with Notes and References


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About the Book

This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1899. Excerpt: ... Matter Of Gould. New York Court of Appeals, June 8, 1898; 156 N.Y. 423. In the Mattter of the Appraisal for Taxation, under the Act in Eelation to Taxable Transfers of Property, of the Estate of Jay Gould, Deceased. George J. Gould et al, as Executors and Trustees, Resp ondents and Appellants; The Comptroller of the State of New York, et al., Appellants and Respondents. 1. Transfer Tax Act--Meaning Of "Transfer." The word " transfer," in the act in relation to taxable transfers of property (L. 1892, ch. 399, 1), is used in its ordinary legal signification, namely, that the owner of a thing delivers it to another with the intent of passing the rights which he has in it to the latter. 2. Transfer By Will--Payment Of Debt. The transfer by will, subjected to taxation by the act of 1892, is not intended to be limited to property gratuitously given by will, but extends to a testamentary transfer in payment of a debt. 3. Transfer By Will--Acceptance. It matters not what the motive of a transfer by will may be, whether to pay a debt, discharge some moral obligation or to benefit a relative. If the devise or bequest is accepted by the beneficiary, the transfer is made by will, within the meaning of the Trausfer Tax Act. 4. Testamentary Transfer In Payment Of Debt For Services--Subjection To Transfer Tax. A codicil contained the following provision: "My beloved son, G. J. G., having developed a remarkable business ability, and having for twelve years devoted himself entirely to my business, and during the past five years taken entire charge of all my difficult interests, I hereby fix the value of his said services at five millions of dollars payable as follows"--specifying a sum in cash and the balance in certain bonds and stocks. In a proceeding of appraisal...


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Product Details
  • ISBN-13: 9781150240881
  • Publisher: General Books
  • Publisher Imprint: General Books
  • Height: 246 mm
  • No of Pages: 312
  • Spine Width: 17 mm
  • Width: 189 mm
  • ISBN-10: 1150240881
  • Publisher Date: 01 Jan 2012
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Weight: 558 gr


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Probate Reports Annotated (Volume 3); Containing Recent Cases of General Value Decided in the Courts of the Several States on Points of Probate Law with Notes and References
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Probate Reports Annotated (Volume 3); Containing Recent Cases of General Value Decided in the Courts of the Several States on Points of Probate Law with Notes and References
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