In re Estate of Lea

Citations

• 194 Pa. 524
• 45 A. 337
• 1900 Pa. LEXIS 430

Syllabus

<p>Decedents' estates — Collateral inheritance tax — Annuity—Devise.</p> <p>Where testator devises land to his son’s wife, and directs that the devisee shall pay out of the rents and profits of the land the sum of $2,000 a year unto his stepdaughter in equal quarterly payments, and further directs that “ all the bequests of money in this will made are to be paid without deductions for state tax,” the annuity is chargeable with the collateral inheritance tax, and there appearing no intention in the will to distinquish the bequest in money payable at stated periods out of the rents and profits of the land from bequests of round sums of money, such tax on the annuity must be paid out of the residuary estate.</p>