Shields v. Matthew

Citations

• 33 Ohio C.C. Dec. 636
• 22 Ohio C.C. (n.s.) 398

Syllabus

<p>EXECUTORS AND ADMINISTRATORS — -TAXATION</p> <p>Surety Bond Given to Secure Payment of Bequests Not Taxable.</p> <p>When a testator makes a bequest payable in monthly installments and the executors of his will in order to settle up his estate set aside certain real estate from the rentals of which the monthly installments are to be paid and execute a bond which is deposited with the probate court securing the payment of the bequest, such bond is not subject to taxation.</p>