In the Matter of the Appraisal Under the Transfer Tax Act of the Estate of George W. Kidd, Deceased. the Comptroller…

Summary

The New York Court of Appeals reversed the lower courts, holding that the estate of George W. Kidd is liable for the transfer tax because the ante‑nuptial contract was a promise to make a will, not a conveyance, and that enforcement of the contract by equity does not shield the estate from tax.