Vose v. Commissioner
United States Tax Court
The decedent created during his lifetime a trust to which he conveyed improved real estate. The trust was for the sole benefit of the decedent during his lifetime, and after his death, it was for the use of such persons as he should appoint by deed or will. The trustees had the right to issue certificates of indebtedness payable out of trust corpus upon the termination of the trust which bore interest from the time of issuance.
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The decedent created during his lifetime a trust to which he conveyed improved real estate. The trust was for the sole benefit of the decedent during his lifetime, and after his death, it was for the use of such persons as he should appoint by deed or will. The trustees had the right to issue certificates of indebtedness payable out of trust corpus upon the termination of the trust which bore interest from the time of issuance. During decedent's lifetime, $ 200,000 face amount of certificates were issued by the trustees and interest payments were made thereon. In his will, the decedent…
1Opinion of the Court
Estate of Julien W. Vose, Anna E. Vose, Leroy W. Vose and Donald W. Vose, Executors, Petitioners, v. Commissioner of Internal Revenue, Respondent
Vose v. Commissioner
Docket No. 10478
United States Tax Court
20 T.C. 597; 1953 U.S. Tax Ct. LEXIS 124;
June 12, 1953, Promulgated
Decision will be entered under Rule 50.
The decedent created during his lifetime a trust to which he conveyed improved real estate. The trust was for the sole benefit of the decedent during his lifetime, and after his death, it was for the use of such persons as he should appoint by deed or will. The trustees had the right to…
2Cases cited6 opinions
- Blair v. CommissionerSupreme Court of the United States · 1937
- Freuler v. HelveringSupreme Court of the United States · 1934
- Estate of Harter v. CommissionerUnited States Tax Court · 1944
- Estate of Vose v. CommissionerUnited States Tax Court · 1950
- Vose v. CommissionerUnited States Tax Court · 1950
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