New York Court of Appeals
In the Matter of the Transfer Tax Upon the Estate of Margaret L. Zborowski, Deceased; the Comptroller of the State…
November 10, 1914213 N.Y. 109
Summary
The Court reversed the Appellate Division and ordered that the transfer tax be imposed immediately at the highest rate on the contingent remainder interests under section 230, and clarified the method for valuing future estates by deducting the precedent estate value.