Estate of Scofield v. Commissioner
United States Tax Court
1. Levi T. Scofield died in 1917. By will he established a testamentary trust whose corpus was the Schofield Building in the city of Cleveland, Ohio. The beneficiaries of the trust were his two sons, a daughter, and two grandchildren. The corpus of the trust was to vest in them on September 14, 1942. From 1917 until 1935, his son William was the trustee of the trust.
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1. Levi T. Scofield died in 1917. By will he established a testamentary trust whose corpus was the Schofield Building in the city of Cleveland, Ohio. The beneficiaries of the trust were his two sons, a daughter, and two grandchildren. The corpus of the trust was to vest in them on September 14, 1942. From 1917 until 1935, his son William was the trustee of the trust. During such time, William and his brother, Sherman Scofield, diverted large amounts of trust funds for non-trust purposes. Levi's grandson, Douglas F. Schofield, the petitioner trustee herein, discovered such diversions in 1935,…
1Opinion of the Court
Estate of Levi T. Scofield, Douglas F. Schofield, Trustee, et al., 1 Petitioners, v. Commissioner of Internal Revenue, Respondent
Estate of Scofield v. Commissioner
Docket Nos. 38302, 38303, 38304, 38305, 38306, 38307, 38308, 38309
United States Tax Court
25 T.C. 774; 1956 U.S. Tax Ct. LEXIS 293;
January 18, 1956, Filed
Decisions will be entered under Rule 50.
1. Levi T. Scofield died in 1917. By will he established a testamentary trust whose corpus was the Schofield Building in the city of Cleveland, Ohio. The beneficiaries of the trust were his two sons, a daughter, and two grandchildren. The…
2Cases cited25 opinions
- United States v. S. S. White Dental Manufacturing Co.Supreme Court of the United States · 1927
- Morrissey v. CommissionerSupreme Court of the United States · 1935
- Helvering v. Coleman-Gilbert AssociatesSupreme Court of the United States · 1935
- Bischoff v. . Yorkville BankNew York Court of Appeals · 1916
- Swanson v. CommissionerSupreme Court of the United States · 1935
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