Press Release September 26, 1946 ESTATE OF FRANKLIN D. ROOSEVELT. DECEASED NEW YORK ESTATE TAX RETURNS The New York Estate Tax Return, on behalf of James Roosevelt, Basil O'Connor and Henry T. Hackett, Executors of the Estate of the late Franklin D. Roosevelt, was filed today in the Surrogate's Court at Poughkeepsie, New York. The Tax Return discloses that the late President Roosevelt left a gross estate subject to estate tax in New York valued at $1,821,887.70, consisting of the following items: Real Estate in New York ............................................. $ 103,855.42 Stocks and Bonds .................................................... 353,855.78 Bank Accounts, Notes and Cash ....................................... 197,543.42 Insurance ........................................................... 29,726.05 Jointly Owned Property .............................................. 1,062.50 Other Miscellaneous Property, such as household and personal effects, etc ................................. 105,208.45 Transfers During Decedent's Lifetime including the conveyance of the residence property to the United States Government as an historic site ...................................... 110,520.69 Property Previously Taxed representing Mr. Roosevelt's share of his mother's Estate as valued on April 12, 1945 .................................. 920,115.39 Total Gross restate ................................................. 1,821,887.70 Deductions aggregating $736,400.90 are listed in the Tax Return as follows: Credit for Property Identified as Previously Taxed in the Sara Delano Roosevelt Estate ............................................. $ 447,858.88 Funeral and Administration Expenses including Executors' commissions and legal expenses .................................................. 209,516.02 (MORE) |