Legal Opinion
Slade's Estate v. Commissioner of Internal Revenue
Court of Appeals for the Second Circuit
Decided July 30, 1951No. 267, Docket 21994PublishedCited by 5 opinions
1Opinion of the Court
AUGUSTUS N. HAND, Circuit Judge.
This is a petition for review of a decision of the Tax Court, 15 T.C. 752, four judges dissenting, which included in the estate’ of Francis Louis Slade (the “grantor”) for estate tax purposes the value of a life estate granted his wife by a trust created in 1929. If the value of the life estate was properly included in the grantor’s estate, a deficiency of $52,680.73 is due.
The basic facts are stipulated. The grantor in January 1929 created a formal, irrevocable, inter vivos trust under seal. The grantor and the trustee, a New York trust company, were residents…
2Cases cited8 opinions
- Helvering v. HallockSupreme Court of the United States · 1940
- Helvering v. StuartSupreme Court of the United States · 1942
- Estate of Spiegel v. CommissionerSupreme Court of the United States · 1949
- Cammack v. J. B. Slattery & Bro.New York Court of Appeals · 1925
- Johnston v. HelveringCourt of Appeals for the Second Circuit · 1944
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3Cited by5 opinions
- Graham v. CommissionerUnited States Tax Court · 1966
- Thacher v. CommissionerUnited States Tax Court · 1953
- James W. Costin, of the Estate of Earl M. Costin, Deceased v. Ralph W. Cripe, Collector of Internal RevenueCourt of Appeals for the Seventh Circuit · 1956
- Graham v. CommissionerUnited States Tax Court · 1966
- Thacher v. CommissionerUnited States Tax Court · 1953