New York Court of Appeals
In the Matter of the Appraisal, Under the Transfer Tax Act, of the Estate of Caroline Remsen Gihon, Deceased…
January 28, 1902169 N.Y. 443
Summary
The Court held that commissions and expenses of a temporary administrator and trustees' commissions are deductible from the estate value for transfer tax purposes, but the Federal inheritance tax is not deductible because it is a tax on the legatee, not on the estate.