Valenti v. Valenti

The evidence in this record of the conversations and transactions between the parties prior to the execution and delivery of the deed is sharply disputed and contradictory, and there is no finding by the trial court stating which version thereof is credited. There is no evidence upon which it may be determined whether or not there was an estate tax due upon the father’s estate, and, hence, no proof that there existed a debt or charge which could have been hindered or delayed, nor that there was a creditor who could be defrauded. (Restatement, Trusts, § 63, p. 200; Tiedemann v. Tiedemann, 201 App. Div. 614, affd. 236 N. Y. 534; Kremer v. 678 v. Kremer, 51 N. Y. S. 2d 394, affd. 269 App. Div. 827; Baker v. Gilman, 52 Barb. 26.) Moreover, had there been proof establishing that an estate tax was payable on the father’s estate, the conveyance in question would not have defeated its collection. (Tax Law, § 249-bb.) Nolan, P. J., Carswell, Johnston, Sneed and Wenzel, JJ., concur.