Hite v. Commissioner
United States Tax Court
Decedent, a retired businessman and farmer, owned a valuable family farm and other unimproved real estate on the outskirts of Louisville, Ky. In 1946, shortly after his retirement, when he was 76 years old, he suffered a stroke which left him physically incapacitated and seriously impaired his speech. Thereafter he was hospitalized on numerous occasions.
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Decedent, a retired businessman and farmer, owned a valuable family farm and other unimproved real estate on the outskirts of Louisville, Ky. In 1946, shortly after his retirement, when he was 76 years old, he suffered a stroke which left him physically incapacitated and seriously impaired his speech. Thereafter he was hospitalized on numerous occasions. In 1952 he sold 1 tract of his land, and the following year gave the entire proceeds to his three children in equal shares. Thereafter, as he sold additional parcels, he made further gifts to his descendants in general accord with his…
1Opinion of the Court
Estate of Robert W. Hite, Sr., the Kentucky Trust Company, Anne Hite Corn, Helen Hite Sallee, Co-Executors, Petitioners v. Commissioner of Internal Revenue, Respondent
Hite v. Commissioner
Docket No. 3404-65
United States Tax Court
49 T.C. 580; 1968 U.S. Tax Ct. LEXIS 166;
March 5, 1968, Filed
Decision will be entered for the respondent.
Decedent, a retired businessman and farmer, owned a valuable family farm and other unimproved real estate on the outskirts of Louisville, Ky. In 1946, shortly after his retirement, when he was 76 years old, he suffered a stroke which left him physically…
2Cases cited6 opinions
- United States v. WellsSupreme Court of the United States · 1931
- Allen v. Trust Co. of Ga.Supreme Court of the United States · 1946
- Weil v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1936
- Estate of Johnson v. CommissionerUnited States Tax Court · 1948
- Estate of Lynch v. CommissionerUnited States Tax Court · 1960
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