Frank Trust of 1927 v. Commissioner
United States Board of Tax Appeals
1. In May 1927 Isaac W. Frank, and in 1930 he and his wife each, created irrevocable trusts with securities as corpus. Each was a family trust with provisions for payment of the income for life to the grantors or their children, or surviving spouse of any child, or grandchildren of the grantors, and the distribution of corpus to the children and their children, subject to other testamentary disposition by the grantor's children of the principal in one trust, and power given…
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1. In May 1927 Isaac W. Frank, and in 1930 he and his wife each, created irrevocable trusts with securities as corpus. Each was a family trust with provisions for payment of the income for life to the grantors or their children, or surviving spouse of any child, or grandchildren of the grantors, and the distribution of corpus to the children and their children, subject to other testamentary disposition by the grantor's children of the principal in one trust, and power given the trustees in the other two trusts to distribute corpus to themselves after the death of the grantors. The son-in-law…
1Opinion of the Court
ISAAC W. FRANK TRUST OF 1927, WM. K. FRANK, TRUSTEE, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Frank Trust of 1927 v. Commissioner
Docket No. 98274.
United States Board of Tax Appeals
44 B.T.A. 934; 1941 BTA LEXIS 1252;
July 9, 1941, Promulgated
1. In May 1927 Isaac W. Frank, and in 1930 he and his wife each, created irrevocable trusts with securities as corpus. Each was a family trust with provisions for payment of the income for life to the grantors or their children, or surviving spouse of any child, or grandchildren of the grantors, and the distribution of corpus to the…
2Cases cited25 opinions
- Gregory v. HelveringSupreme Court of the United States · 1935
- Higgins v. SmithSupreme Court of the United States · 1940
- Brewster v. GageSupreme Court of the United States · 1930
- Griffiths v. CommissionerSupreme Court of the United States · 1939
- Burk-Waggoner Oil Assn. v. HopkinsSupreme Court of the United States · 1925
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