Allen v. Kelso

COIL, Commissioner.

Ray E. Allen, plaintiff below, was the husband of Frata Kelso Allen. On September 17, 1949, Ray and Frata Allen conveyed real estate held by the entirety to defendants, who are Frata’s brother and his wife. On the same, day, defendants conveyed the property back to Frata Allen. On June 28, 1950, Frata Allen conveyed the property to defendants reserving a life estate.

On September 17, 1949, Ray and Frata Allen also held as tenants by the entirety cash in the sum of $4,629.89, in a joint checking account. On September 20, 1949, Frata Allen withdrew the total amount from the…