Summary
In Matter of Wright (214 N.Y. 714) the securities claimed to be taxable were at the time of the death of the testatrix situated in this State and taxable herein.
Summary of this case from Matter of PhelpsOpinion
Argued April 12, 1915
Decided April 27, 1915
Alexander Otis, Schuyler C. Carlton and Lafayette B. Gleason for appellant.
Edward P. Lyon for respondents.
Order of the Appellate Division reversed upon the authority of Matter of Zborowski ( 213 N.Y. 109), with costs in the Appellate Division and in this court payable from the estate. The proceeding is remitted to the Surrogate's Court of New York county with direction to modify the order fixing the tax by deducting from the value of the estate the value of the life estate of William J. Wright to which it was subject, and fixing the tax upon its remaining value; no opinion.
Concur: WERNER, HISCOCK, CHASE, COLLIN, HOGAN, MILLER and CARDOZO, JJ.