Brokaw v. Commissioner
United States Board of Tax Appeals
The discharge of a husband's legal obligation to support his wife and minor child held an adequate and full consideration in money or money's worth for a transfer in trust by the husband for the benefit of the wife and child.
1Opinion of the Court
ESTATE OF GEORGE TUTTLE BROKAW, DEC'D., UNITED STATES TRUST COMPANY OF NEW YORK AND FRANCES SEYMOUR BROKAW, AS EXECUTORS, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Brokaw v. Commissioner
Docket No. 90091.
United States Board of Tax Appeals
39 B.T.A. 783; 1939 BTA LEXIS 982;
April 18, 1939, Promulgated
The discharge of a husband's legal obligation to support his wife and minor child held an adequate and full consideration in money or money's worth for a transfer in trust by the husband for the benefit of the wife and child.
Harry J. Ahlheim, Esq., for the petitioner.
W. Frank Gibbs,…
2Cases cited1 opinion
- Brokaw v. CommissionerUnited States Board of Tax Appeals · 1939