Bronson v. Commissioner
United States Board of Tax Appeals
The decedent during his lifetime and on or about August 9, 1917, transferred practically all of his property, consisting principally of stocks and other securities, to a New York bank as trustee, such trust instrument providing for the distribution of the corpus of the trust after his death by three individuals. Decedent died on May 24, 1923, and left a will in which was incorporated the provisions of the trust instrument theretofore executed.
Read the full summary
The decedent during his lifetime and on or about August 9, 1917, transferred practically all of his property, consisting principally of stocks and other securities, to a New York bank as trustee, such trust instrument providing for the distribution of the corpus of the trust after his death by three individuals. Decedent died on May 24, 1923, and left a will in which was incorporated the provisions of the trust instrument theretofore executed. In the will decedent appointed the three individuals as executors and trustees of his estate. The will was not probated but the estate was administered…
1Opinion of the Court
JAMES D. BRONSON AND GEORGE H. PRINCE AS SURVIVING TRUSTEES UNDER A TRUST CREATED BY C. N. NELSON, DECEASED, PETITIONERS, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Bronson v. Commissioner
Docket No. 7702.
United States Board of Tax Appeals
7 B.T.A. 127; 1927 BTA LEXIS 3249;
May 27, 1927, Promulgated
The decedent during his lifetime and on or about August 9, 1917, transferred practically all of his property, consisting principally of stocks and other securities, to a New York bank as trustee, such trust instrument providing for the distribution of the corpus of the trust after his death by…
2Cases cited1 opinion
- Bronson v. CommissionerUnited States Board of Tax Appeals · 1927