Herrmann v. Commissioner
United States Tax Court
Petitioner and his wife decided to execute gifts in trust of an undivided community interest in an oil and gas lease for the benefit of their children. In the fall of 1942 they discussed the terms of the trusts with their eldest daughter, who orally accepted the trusteeship just before leaving the state.
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Petitioner and his wife decided to execute gifts in trust of an undivided community interest in an oil and gas lease for the benefit of their children. In the fall of 1942 they discussed the terms of the trusts with their eldest daughter, who orally accepted the trusteeship just before leaving the state. In December 1942 petitioner and his wife executed the trust instruments and assignments of interest and delivered them to their attorney, who mailed the assignments for recordation. The trustee returned in August 1943 and signed the trust instruments. Held, petitioner's gifts in trust were…
1Opinion of the Court
G. C. Herrmann, Petitioner, v. Commissioner of Internal Revenue, Respondent
Herrmann v. Commissioner
Docket No. 10877
United States Tax Court
9 T.C. 1055; 1947 U.S. Tax Ct. LEXIS 27;
November 28, 1947, Promulgated
Decision will be entered under Rule 50.
Petitioner and his wife decided to execute gifts in trust of an undivided community interest in an oil and gas lease for the benefit of their children. In the fall of 1942 they discussed the terms of the trusts with their eldest daughter, who orally accepted the trusteeship just before leaving the state. In December 1942 petitioner and his wife…
2Cases cited9 opinions
- Taylor v. Sanford, AdministratorTexas Supreme Court · 1917
- Knight v. Tannehill Bros., Inc.Court of Appeals of Texas · 1940
- Lange v. Houston Bank & Trust Co.Court of Appeals of Texas · 1946
- Russell v. BeckertCourt of Appeals of Texas · 1917
- Davies v. PeguesCourt of Appeals of Texas · 1939
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