Griswold v. Commissioner
United States Tax Court
A, A Jr., and J held contingent interests in a testamentary trust created in 1941 by the will of their grandfather, Alanson B. Houghton. The trust provided Alanson B. Houghton's daughter, Elisabeth Houghton, with an income interest for life and, if Elisabeth died without living issue, then certain grandchildren of Alanson B. Houghton, subject to certain additional contingencies, would share the remainder interest.
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A, A Jr., and J held contingent interests in a testamentary trust created in 1941 by the will of their grandfather, Alanson B. Houghton. The trust provided Alanson B. Houghton's daughter, Elisabeth Houghton, with an income interest for life and, if Elisabeth died without living issue, then certain grandchildren of Alanson B. Houghton, subject to certain additional contingencies, would share the remainder interest. During March of 1957, the two trustees of the trust petitioned the Surrogate's Court of the State of New York for a judicial settlement of the first intermediate accounting for such…
1Opinion of the Court
Wiles, Judge:
In these consolidated cases, respondent determined the following deficiencies in petitioners’ Federal gift tax:
Calendar Petitioner quarter ending Deficiency
Adelaide C. Griswold .June 30, 1974 $271,421.72 (docket No. 12876-79)
James R. Houghton ..-..June 30, 1974 262,477.24 (docket No. 12878-79)
May K. Houghton .June 30, 1974 262,477.24 (docket No. 12878-79)
Amory Houghton, Jr .June 30, 1974 257,895.36 (docket NoT 12880-79)
Ruth W. Houghton .June 30, 1974 257,895.36 (docket No. 12880-79)
The only issue presently before us is whether Adelaide C. Griswold, Amory Houghton, Jr., and James…
2Cases cited8 opinions
- Helvering v. HallockSupreme Court of the United States · 1940
- Estate of Sanford v. CommissionerSupreme Court of the United States · 1939
- Jewett v. CommissionerSupreme Court of the United States · 1982
- Keinath v. CommissionerCourt of Appeals for the Eighth Circuit · 1973
- Fuller v. CommissionerUnited States Tax Court · 1961
3 more not listed; retrieve them via the Exa API.
3Cited by4 opinions
- Eastern Kentucky Welfare Rights Organization v. ShultzDistrict Court, District of Columbia · 1973
- Estate of Dancy v. CommissionerUnited States Tax Court · 1987
- Estate of Dancy v. CommissionerUnited States Tax Court · 1987
- Griswold v. CommissionerUnited States Tax Court · 1983