Legal Opinion
Smith v. Shaughnessy
District Court, N.D. New York
Decided July 14, 1941PublishedCited by 4 opinions
1Opinion of the Court
BRYANT, District Judge.
This is an action for recovery of gift taxes paid during the year 1937.
On February 26, 1937, plaintiff executed a trust indenture to the Syracuse Trust Company as trustee, whereby he established a trust fund consisting of 3000 shares of the 6% convertible preferred stock of the L. C. Smith & Corona Typewriters, Inc., and provided that the income from said trust fund should be paid to his wife for life with remainder, upon her death, to himself if living, and, if not then living, to her legatees or, if she died intestate, to her distributees.
On March 15, 1938, plaintiff…
2Cases cited4 opinions
- Helvering v. HallockSupreme Court of the United States · 1940
- Estate of Sanford v. CommissionerSupreme Court of the United States · 1939
- Klein v. United StatesSupreme Court of the United States · 1931
- Walker v. CommissionerUnited States Board of Tax Appeals · 1939
3Cited by4 opinions
- Smith v. ShaughnessySupreme Court of the United States · 1943
- Succession of HenryLouisiana Court of Appeal · 1973
- Henry v. Exchange Bank & Trust Co.Louisiana Court of Appeal · 1973
- Smith v. ShaughnessySupreme Court of the United States · 1943