City Bank Farmers Trust Co. v. Commissioner
United States Board of Tax Appeals
The decedent on February 21, 1930, conveyed certain property in trust, reserving to herself the income for life. The trust was revocable only with the consent of her husband, who was a beneficiary. Held, that the property conveyed in trust is not includable in her gross estate.
1Opinion of the Court
CITY BANK FARMERS TRUST COMPANY, AS TRUSTEE UNDER AN AGREEMENT WITH GERTRUDE FELDMAN JAMES, DECEASED, DATED FEBRUARY 21, 1930, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
City Bank Farmers Trust Co. v. Commissioner
Docket No. 72522.
United States Board of Tax Appeals
29 B.T.A. 1141; 1934 BTA LEXIS 1416;
February 21, 1934, Promulgated
The decedent on February 21, 1930, conveyed certain property in trust, reserving to herself the income for life. The trust was revocable only with the consent of her husband, who was a beneficiary. Held, that the property conveyed in trust is not…
2Cases cited1 opinion
- City Bank Farmers Trust Co. v. CommissionerUnited States Board of Tax Appeals · 1934