138 A.D. 881 | N.Y. App. Div. | 1910
These are cross-appeals from an order of the. surrogate fixing the amount of transfer tax to be paid in this proceeding. The '
The other question, raised by the appeal of the trustees, is as to the imposition of a tax upon the transfer of a sum of money on deposit with the Union Trust Company in the city of New York at the date of Mrs. Sheldon’s death. It is conceded that this money was a part of the trust estate and subject to the exercise of the power of appointment by Mrs. Sheldon. It was represented by a certificate of deposit in the individual name of Frederick Sheldon, who was one of the trustees of the trust estate, and who had died
The order should be affirmed, without costs to either party.
Ingraham, P. J., McLaughlin, Clarke and Dówling, JL, concurred.
Order affirmed, without costs.