McNees v. United States

WILLIAM HAROLD COX, Chief Judge.

McNees and his mother inherited a piece of commercial property in McComb. The mother was devised a life estate in the property and the son acquired by said will the remainder estate therein. The parties sold the property for fifty-nine thousand dollars which was paid jointly to the sellers. The son induced *552his mother to let him have this money for use in his business in exchange for his agreement to pay her only $300.00 per month during her life. The mother had previously received a net income from the property in the amount of three hundred dollars per month.…