Dravo v. Commissioner
United States Board of Tax Appeals
1. Where two brothers and their wives, who had separate estates of their own, each executed contemporaneously certain transfers in trust not in contemplation of death, which transfers were irrevocable except as to certain remainder interests created by the trusts, it is held: (a) None of the parts of the corpora of the trusts which represented life estates irrevocably conveyed to their respective wives are includable in the respective gross estates of the decedents.
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1. Where two brothers and their wives, who had separate estates of their own, each executed contemporaneously certain transfers in trust not in contemplation of death, which transfers were irrevocable except as to certain remainder interests created by the trusts, it is held: (a) None of the parts of the corpora of the trusts which represented life estates irrevocably conveyed to their respective wives are includable in the respective gross estates of the decedents. (b) The values of remainder interests representing parts of the trusts which were payable to such remaindermen as should be…
1Opinion of the Court
FANNY M. DRAVO AND FIDELITY TRUST COMPANY, SURVIVING EXECUTORS OF THE WILL OF FRANCIS R. DRAVO, DECEASED, PETITIONERS, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
JANE M. DRAVO, J. D. BERG, AND L. A. MERTZ, EXECUTORS OF THE WILL OF RALPH M. DRAVO, DECEASED, PETITIONERS, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Dravo v. Commissioner
Docket Nos. 88094, 89366.
United States Board of Tax Appeals
40 B.T.A. 309; 1939 BTA LEXIS 861;
July 27, 1939, Promulgated
1. Where two brothers and their wives, who had separate estates of their own, each executed contemporaneously certain transfers in trust…
2Cases cited1 opinion
- Dravo v. CommissionerUnited States Board of Tax Appeals · 1939