Estate of Rand v. Commissioner
United States Tax Court
Held, assets found in possession of decedent at time of death were proceeds of business owned solely by decedent's wife, were her property, and were not includible in decedent's gross estate.
1Opinion of the Court
OPINION.
Van Fossan, Judge:
The question presented is whether the respondent correctly included certain assets, consisting of real estate, cash, stocks and bonds, and other property, totaling $204,148.69, in the gross estate of Albert Band. There is no question raised as to the value.
Bessie Rand, the widow of Albert Rand and administratrix of his estate, contends that the accumulation of these assets resulted solely from her efforts and that, in fact, they belonged to her and should not be included in his gross estate. We agree with this contention.
The evidence consists primarily of the…
2Cited by2 opinions
- Estate of Glass v. CommissionerUnited States Tax Court · 1981
- Estate of Rand v. CommissionerUnited States Tax Court · 1957