Legal Opinion
M.T. Straight's Trust, Francis L. McCrea Trustee v. Commissioner of Internal Revenue
Court of Appeals for the Eighth Circuit
Decided June 7, 1957No. 15458PublishedCited by 43 opinions
1Opinion of the Court
STONE, Circuit Judge.
Merton T. Straight was one-half owner of a partnership — the Adel Clay Products Company. December 31, 1945, he executed an instrument conveying irrevocably “Three-fourths of his half interest in the partnership” to trustees in trust for the benefit of his wife, a daughter and a son (with two sisters as ultimate contingent beneficiaries), one-third of the annual income therefrom to be paid to each of the three primary beneficiaries with provisions for payments to either of the two children in the discretion of the trustees. In view of the issues presented here, it is…
2Cases cited2 opinions
- Sinopoulo v. JonesCourt of Appeals for the Tenth Circuit · 1946
- Beckius v. HahnNebraska Supreme Court · 1926
3Cited by43 opinions
- Aerojet-General Corp. v. AskewCourt of Appeals for the Fifth Circuit · 1975
- Fono v. CommissionerUnited States Tax Court · 1982
- Ward v. CommissionerUnited States Tax Court · 1986
- Arnold Van Den Wymelenberg, as of the Estate of Eleanor Van Den Wymelenberg, and Arnold Van Den Wymelenberg v. United StatesCourt of Appeals for the Seventh Circuit · 1968
- Will Flitcroft and Agnes D. Flitcroft v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1964
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