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actual administration adopted allowed amount annuity apply appointment appraiser assessed assets Attorney authors beneficiary bequest bonds Bracket cent Chapter child claim Class Company computation consideration considered contemplation corporation court death duties debts decedent decedent's deductions descendant determined dollars domicile donee donor effect entire entitled estate tax example executor Exempt exercise expenses fact federal filed gift give given gross estate held husband Illinois imposed included income inheritance tax interest joint jurisdiction legacy legatee less limited lineal located Matter Michigan Misc N. Y. App N. Y. Supp named necessary nonresident notes Number paid passing payable payment person possession practice present question rates reason received Regulations representative resident rule securities share sister specifically statute taken taxable taxation tenant thereof tion transfer trust United widow wife York
Page 556 - Whenever any person or corporation shall exercise a power of appointment derived from any disposition of property made either before or after the passage of this Act, such appointment, when made, shall be deemed a transfer taxable under the provisions of this Act, in the same manner as though the property to which such appointment relates belonged absolutely to the donee of such power, and has been bequeathed or devised by such donee by will...
Page 823 - To the extent of any interest therein of which the decedent has at any time made a transfer, by trust or otherwise, where the enjoyment thereof was subject at the date of his death to any change through the exercise of a power, either by the decedent alone or in conjunction with any person, to alter, amend? or revoke...
Page 823 - ... in contemplation of or intended to take effect in possession or enjoyment at or after his death, except in case of a bona fide sale for a fair consideration in money or money's worth.
Page 545 - If any section, subsection, sentence, clause or phrase of this act is for any reason held to be unconstitutional, such decision shall not affect the validity of the remaining portions of this act. The legislature hereby declares that it would have passed this act, and each section, subsection, sentence, clause, and phrase thereof, irrespective of the fact that any one or more other sections, subsections, sentences, clauses, or phrases be declared unconstitutional.
Page 737 - Any transfer of a material part of his property in the nature of a final disposition or distribution thereof, made by the decedent within two years prior to his death without such a consideration, shall, unless shown to the contrary, be deemed to have been made in contemplation of death within the meaning of this title...
Page 825 - The sheriff to whom any such warrant shall be directed shall proceed upon the same in all respects with like effect and in the same manner as prescribed by law in respect to executions issued against property upon judgments of...
Page 264 - In imposing taxes for state purposes they are not doing what congress is empowered to do. Congress is not empowered to tax for those purposes which are within the exclusive province of the states.
Page 625 - When property is transferred in trust or otherwise, and the rights, interest or estates of the transferees are dependent upon contingencies or conditions whereby they may be wholly or in part created, defeated, extended or abridged, a tax shall be imposed upon said transfer at the highest rate which, on the happening of any of the said contingencies or conditions, would be possible under the provisions of this article, and such tax so imposed shall be due and payable forthwith by the executors or...
Page 824 - ... a fraternal society, order, or association operating under the lodge system, but only if such contributions or gifts are to be used by such trustee or trustees, or by such fraternal society, order, or association, exclusively for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals...
Page 536 - Every executor, administrator or trustee shall have full power to sell so much of the property of the decedent as will enable him to pay such tax in the same manner as he might be entitled by law to do for the payment of the debts of the testator or intestate.