Estate of Spiegel v. Commissioner

Today’s decision adds to the difficulties in this troubled field of estate tax law. It may, however, serve a good purpose if it leads to a simultaneous consideration by *709Congress of the related fields of income, gift and estate taxation in connection with the creation or transfer of future interests.

Five Alternatives.

At least five alternative proposals have been presented to us for the solution of this case. The first calls for the reversal of Reinecke v. Northern Trust Co., 278 U. S. 339, and a decision against the taxpayers. The second calls for the extension to this case of the doctrine of…