Magee's Estate

Citations

• 205 Pa. 37
• 54 A. 491
• 1903 Pa. LEXIS 508

Syllabus

<p>Wills — Direction as to payment of taxes — Collateral tax — Federal succession tax.</p> <p>Where a testator gives a stated sum of money to his executors to invest the same and pay over the income thereof to a legatee named, and further directs that “ all taxes, federal and state, upon the bequests made shall be paid out of my estate, and not deducted from such bequests,” all present taxes such as the federal succession tax and state collateral inheritance tax are to be paid out of the estate, but the will does not intend that a sum over and above the amount of the legacy shall be set apart to provide an income from which future taxes such as that on “ money at interest ” shall be paid.</p>