In Re the Transfer Tax Upon the Estate of Ripley
This text of 84 N.E. 1120 (In Re the Transfer Tax Upon the Estate of Ripley) is published on Counsel Stack Legal Research, covering New York Court of Appeals primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Opinion
The order appealed from should be affirmed, with costs, oh the ground that the power of appointment created by the will of Sidney Dillon in favor of Sidney Dillon Ripley was limited, and could only be exercised in favor of persons who did not take under the will. That is the meaning of the words in said will “ unless otherwise disposed of as directed by the last will of the one so dying.” The great grandchildren of Sidney Dillon took directly under his will, except as their interests may have been divested or cut down by a valid exercise of the power.
Cullen, Ch. J., Gray, Haight, Vann, Werner, Hiscock and Chase, JJ., concur.
Order affirmed.
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Cite This Page — Counsel Stack
84 N.E. 1120, 192 N.Y. 536, 1908 N.Y. LEXIS 920, Counsel Stack Legal Research, https://law.counselstack.com/opinion/in-re-the-transfer-tax-upon-the-estate-of-ripley-ny-1908.