
    Matter of the Estate of Robert T. Clinch, Deceased.
    
      (Surrogate's Court, New York County,
    
    
      June, 1904.)
    Transfer Tax—When Securities, Representing the Interest a Deceased Non-resident Legatee Had in the Estate of His Deceased Non-resident Father, are Taxable.
    Where the will of a npn-resident of the State of New York has been admitted to probate in this State and securities, representing the interest he had in the estate of his father, also a non-resident, have, since the legatee’s death; come into the hands of his executors and are, at the time of a transfer tax appraisal, in their possession in this State, the securities are subject to the transfer tax.
    Appeal from an order fixing and assessing the transfer tax.
    Coudert Brothers, for appellant; Potter & Kellogg, for respondent.
   Fitzgerald, S.

The securities and other property representing the interest which the deceased non-resident legatee had in the estate of his father, who was also a non-resident, having since the death of the legatee, come into the hands of the executors of his will, which has here been admitted to probate, such property is subject to appraisement and taxation under the Transfer Tax Law. In Matter of Phillips, 77 Hun, 235; affd., 143 N. Y. 644, and in Matter of Chabot, 44 App. Div. 340; affd., 167 N. Y. 280, the interest which was declared not subject to the tax had not, at the time of the appraisement, come into the possession of the representatives of the deceased legatee or been ascertained or determined on an accounting of the •executors of the testator or otherwise, and the court held the legacy not taxable, because it regarded it as being a mere right to claim or recover what ultimately might be found, but was then not ascertained, to be the amount or share of the estate to which the legatee was entitled on account of his legacy. The decision by the Appellate Division, and that of the Court -of Appeals in the Chabot matter, recognize the distinction between the situation there considered and one like that here presented, and the judge delivering the opinion in the Court of Appeals, in which all his associates concurred, uses language plainly indicating that, if the amount of the legacy had been ascertained on an accounting in the estate from which it had been derived, that circumstance would have sufficed to subject it to the tax, although it had not been paid over or delivered to the legatee’s representative. See Matter of Huber’s Estate, 83 N. Y. Supp. 772.

In the present case the property at the time of the appraisal was in this State, in the possession of the executors of the will of the legatee, which had been admitted to probate by this court, and it is, in my judgment, subject to a transfer tax.

The value of the contingent remainder assessed against the sister of decedent was based upon the combined values of the realty and personalty. It should have been limited to the latter. In this respect the order must be modified and, as modified, is affirmed.

Order modified, and as modified affirmed.  