Estate of Beauregard v. Commissioner
United States Tax Court
At the time of his accidental death, the decedent was a covered person under his employer's travel accident policy. By its terms, the policy vested in the decedent certain incidents of ownership, including the right to designate and change beneficiaries and elect installment payments of the proceeds.
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At the time of his accidental death, the decedent was a covered person under his employer's travel accident policy. By its terms, the policy vested in the decedent certain incidents of ownership, including the right to designate and change beneficiaries and elect installment payments of the proceeds. However, during his lifetime decedent and his ex-wife had entered into a property settlement agreement, the terms of which were incorporated into a divorce decree (court order) whereby decedent was required to "maintain the minor children as beneficiaries in connection with any group accident and…
1Opinion of the Court
Estate of Theodore E. Beauregard, Jr., Deceased, Theodore E. Beauregard III and Yvonne Marie B. Beauregard, Special Administrators, Petitioners v. Commissioner of Internal Revenue, Respondent
Estate of Beauregard v. Commissioner
Docket No. 11163-77
United States Tax Court
74 T.C. 603; 1980 U.S. Tax Ct. LEXIS 110;
June 26, 1980, Filed
Decision will be entered under Rule 155.
At the time of his accidental death, the decedent was a covered person under his employer's travel accident policy. By its terms, the policy vested in the decedent certain incidents of ownership, including the right to designate…
2Cases cited23 opinions
- Commissioner v. Estate of BoschSupreme Court of the United States · 1967
- Chase National Bank v. United StatesSupreme Court of the United States · 1929
- Commissioner v. Estate of NoelSupreme Court of the United States · 1965
- M. E. Blatt Co. v. United StatesSupreme Court of the United States · 1938
- Commissioner of Internal Revenue v. TreganowanCourt of Appeals for the Second Circuit · 1950
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