Estate of Prudowsky v. Commissioner
United States Tax Court
At the date of his death, decedent held certain assets as custodian for his three minor children under the Wisconsin Uniform Gifts to Minors Act. Held, the assets held by decedent as custodian are includable in his estate under both secs. 2036 and 2038, I.R.C. 1954.
1Opinion of the Court
Fay, Judge:
Respondent asserted a deficiency in petitioner’s estate tax of $20,799.09. Concessions having been made, the sole issue for decision is the includability in decedent’s estate of certain stocks and savings accounts held by the decedent as custodian for his minor children.
FINDINGS OF FACT
Some of the facts are stipulated, and the stipulation of facts, together with the exhibits attached thereto, is incorporated herein by this reference.
Harry Prudowsky (hereinafter referred to as decedent) died intestate on December 20, 1963, being survived by his wife, Vivian, and their three minor…
2Cases cited4 opinions
- Chrysler v. CommissionerUnited States Tax Court · 1965
- Estate of Jack F. Chrysler, Edith B. Carr, John W. Drye, Jr. And Manufacturers Hanover Trust Company, Executors v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1966
- Stuit v. CommissionerUnited States Tax Court · 1970
- Boyle v. KempkinWisconsin Supreme Court · 1943
3Cited by14 opinions
- Dorothy Stuit, Transferee and Estate of Jennie Vanderpoel, Deceased, Dorothy Stuit v. Commissioner of Internal RevenueCourt of Appeals for the Seventh Circuit · 1971
- Schwartz EstateSupreme Court of Pennsylvania · 1972
- Exchange Bank & Trust Co. v. United StatesCourt of Appeals for the Federal Circuit · 1982
- Eichstedt v. United StatesDistrict Court, N.D. California · 1972
- Exchange Bank And Trust Company Of Florida v. United StatesCourt of Appeals for the Federal Circuit · 1982
9 more not listed; retrieve them via the Exa API.