Legal Opinion
Morse v. Commissioner
United States Board of Tax Appeals
Decided February 23, 1938No. Docket No. 86551Published
1Opinion of the Court
*401OPINION.
Harron :
All of the policies here in question were originally issued payable to the “Estate of the Insured”, petitioner (the insured) reserving the right of revocation.
On June 24, 1932, more than two years after the policies had been fully paid up, the petitioner surrendered his reserved right of revocation and irrevocably designated his son, John, as beneficiary under policies Nos. 4269 and 4270, and his daughter, Barbara Joan, as beneficiary under policies Nos. 2190 and 4268. From that time on John and Barbara Joan unquestionably had a vested interest in the respective policies which…
2Cases cited4 opinions
- Blum v. New York Life InsuranceSupreme Court of Missouri · 1906
- Missouri State Life Insurance v. California State BankMissouri Court of Appeals · 1919
- D'Arcy v. Mutual Life Ins.Tennessee Supreme Court · 1902
- Timayenis v. Union Mutual Life Ins.U.S. Circuit Court for the District of Southern New York · 1884