Estate of Gokey v. Commissioner
United States Tax Court
On Oct. 1, 1961, Joseph G. Gokey created irrevocable trusts for his children and a trust granting his wife a life estate with remainder over equally to the children's trusts. Held, children's trusts were support trusts and, therefore, decedent's gross estate includes value of the trusts' assets under sec. 2036, I.R.C. 1954. Held, further, value of children's trusts' remainder interests determined.
1Opinion of the Court
Estate of Joseph G. Gokey, Deceased, Mildred A. Gokey, Executor, Petitioner v. Commissioner of Internal Revenue, Respondent; Mildred A. Gokey, Transferee and Trustee of the Joseph G. Gokey Revocable Trust (Created January 3, 1967) and the First National Bank of Chicago, Transferee and Trustee of the Joseph G. Gokey Revocable Trust (Created January 3, 1967), Petitioners v. Commissioner of Internal Revenue, Respondent
Estate of Gokey v. Commissioner
Docket Nos. 607-74, 5698-74
United States Tax Court
72 T.C. 721; 1979 U.S. Tax Ct. LEXIS 88;
July 30, 1979, Filed
Decisions will be entered under Rule…
2Cases cited19 opinions
- Welch v. HelveringSupreme Court of the United States · 1933
- Newton Trust Co. v. Commissioner of Internal RevenueCourt of Appeals for the First Circuit · 1947
- McGuire v. CommissionerUnited States Tax Court · 1965
- United States v. Gordon Simmons and I. v. Simmons, Executors of the Estate of B. Hill SimmonsCourt of Appeals for the Fifth Circuit · 1965
- Burke v. BurkeIllinois Supreme Court · 1913
14 more not listed; retrieve them via the Exa API.