Kienbusch v. Commissioner
United States Board of Tax Appeals
On January 30, 1928, petitioners decedent conveyed to a trustee by an irrevocable trust, a sum of money to be invested and reinvested and the income therefrom after the payment of all necessary expenses of the trust to be paid two-thirds to the grantor during the term of her natural life and one-third to the grantor's daughter, the trust to be terminated at the date of the death of the grantor and the principal of the trust to be paid over to the daughter if she be then…
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On January 30, 1928, petitioners decedent conveyed to a trustee by an irrevocable trust, a sum of money to be invested and reinvested and the income therefrom after the payment of all necessary expenses of the trust to be paid two-thirds to the grantor during the term of her natural life and one-third to the grantor's daughter, the trust to be terminated at the date of the death of the grantor and the principal of the trust to be paid over to the daughter if she be then living, free from any trust. The grantor of the trust died August 3, 1933, and the daughter survived her. Held, that the…
1Opinion of the Court
MILDRED KIENBUSCH AND CITY BANK FARMERS TRUST COMPANY, AS EXECUTORS OF THE LAST WILL AND TESTAMENT AND CODICII THERETO, OF MABEL L. PRESSINGER, DECEASED, PETITIONERS, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Kienbusch v. Commissioner
Docket No. 80550.
United States Board of Tax Appeals
34 B.T.A. 1248; 1936 BTA LEXIS 581;
October 28, 1936, Promulgated
On January 30, 1928, petitioners decedent conveyed to a trustee by an irrevocable trust, a sum of money to be invested and reinvested and the income therefrom after the payment of all necessary expenses of the trust to be paid two-thirds to the…
2Cases cited17 opinions
- Reinecke v. Northern Trust Co.Supreme Court of the United States · 1929
- Nichols v. CoolidgeSupreme Court of the United States · 1927
- May v. HeinerSupreme Court of the United States · 1930
- Helvering v. City Bank Farmers Trust Co.Supreme Court of the United States · 1935
- Helvering v. St. Louis Union Trust Co.Supreme Court of the United States · 1935
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