The Inheritance Tax Law of the State of Illinois Being the Act to Tax Gifts L

Cover The Inheritance Tax Law of the State of Illinois Being the Act to Tax Gifts L
The Inheritance Tax Law of the State of Illinois Being the Act to Tax Gifts L
Walter K Walter Kendall Lincoln
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Y. ) 647.
354. Burial liot— When Cost is Deductible.
The expense of a burial lot is deductible. Re Liss* Estate, 78 N. Y. S. 969.
355. Deductions — Second Appraisement -~ Assets Increased by Defeating Claims Against Estate.
After an appraisement has been completed, and time 217 of appeal had expired, the executor of the estate suc- ceeded in defeating certain claims which had been al- lowed by the Appraiser as deductions. This increased the ass. Ets of the estate. Held, that a new appraisement
...of such assets accruing by reason of the success of the executor in defeating claims could not be had. Re Rice, 29 Misc. Eep. (N. Y. ) 404.
356. Doubtful Deductions Rejected.
If a claim is not admitted by the executor, and if such claim will be contested it should not be allowed as a deduction. Neither should the question be reserved until settlement of the claim. Re Rice, 29 Mis. C. Eep. (N. Y. ) 404.
357. Deduction — Note in Litigation.
When part of the assets of an estate consist of a note upon which the administrator has brought suit for col- lection such note should not be valued.


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