The Law of Collateral And Direct Inheritance Legacy And Succession Taxes Embra

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The Law of Collateral And Direct Inheritance Legacy And Succession Taxes Embra
Dos Passos, Benj. F. (Benjamin Franklin)
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823; In re Thomas (1893) 3 Misc. Rep. 3SS, 24 N. Y. Supp. 713.
(197) § 49 RESIDENT AND NONRESIDENT DECEDENTS. [Ch. 4 upon legatees or next of kin merely because of their resi- dence within its jurisdiction. 189 So where, under a general tax law, personal property sought to be taxed belonged to a nonresident, and was in the possession of one of several trustees residing outside the taxing state, it has recently been held that the mere fact that two of the trustees resided in the latter state did
... not warrant the imposition of a tax upon such property. 190 § 49. Rules Where Nonresident Decedent's Debts Exceed Value of Estate. 191 At law the settlement of the estate of a nonresident dece- dent, together with the title to his property in a foreign state, generally devolves upon a local administrator in such foreign state, whose business is to collect the assets, and, having satisfied the demands of creditors in such state, to remit the surplus of the proceeds to the executor or admin- istrator at the place of domicile, for distribution among the unpaid creditors and next of kin.

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