Estate of Benjamin v. Commissioner
United States Tax Court
The husband of the individual petitioner herein was an employee participant of a trusteed pension plan which was funded entirely by the purchase of annuity policies. In 1957, the pension trust was terminated and the annuity policies assigned to the individual employees.
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The husband of the individual petitioner herein was an employee participant of a trusteed pension plan which was funded entirely by the purchase of annuity policies. In 1957, the pension trust was terminated and the annuity policies assigned to the individual employees. Petitioner's husband commenced the receipt of monthly annuity payments pursuant to the terms of the annuity policy in November 1960. In February 1961, after receiving four monthly installments, petitioner's husband died. Petitioner's husband reached normal retirement age in 1955 but did not retire prior to his death in 1961.…
1Opinion of the Court
Estate of Jack A. Benjamin, Deceased, John F. Benjamin, Co-Executor and Alice U. Benjamin, Petitioners v. Commissioner of Internal Revenue, Respondent
Estate of Benjamin v. Commissioner
Docket No. 5134-67
United States Tax Court
54 T.C. 953; 1970 U.S. Tax Ct. LEXIS 145;
May 11, 1970, Filed
Decision will be entered for the petitioners.
The husband of the individual petitioner herein was an employee participant of a trusteed pension plan which was funded entirely by the purchase of annuity policies. In 1957, the pension trust was terminated and the annuity policies assigned to the individual…
2Cases cited4 opinions
- United States v. Jefferson Electric Manufacturing Co.Supreme Court of the United States · 1934
- Powell v. RothensiesCourt of Appeals for the Third Circuit · 1950
- Russell v. CommissionerUnited States Tax Court · 1966
- Estate of Benjamin v. CommissionerUnited States Tax Court · 1970