Blakeslee v. Commissioner
United States Tax Court
In 1934 and 1935 petitioner created trusts in which a bank was named trustee and petitioner's only daughter was the beneficiary. The corpus of the 1934 trust consisted of stock of the Kalamazoo Stove Co., of which petitioner was president but a minority stockholder, and other securities. The 1935 trust corpus was originally composed of other shares of the Stove Co. stock.
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In 1934 and 1935 petitioner created trusts in which a bank was named trustee and petitioner's only daughter was the beneficiary. The corpus of the 1934 trust consisted of stock of the Kalamazoo Stove Co., of which petitioner was president but a minority stockholder, and other securities. The 1935 trust corpus was originally composed of other shares of the Stove Co. stock. The grantor reserved certain rights: (1) To vote the Stove Co. stock; (2) to veto the sale of the Stove Co. stock; (3) to consent to the investment of trust income; (4) to substitute trustees; and (5) to defer for a limited…
1Opinion of the Court
Arthur L. Blakeslee, Petitioner, v. Commissioner of Internal Revenue, Respondent
Blakeslee v. Commissioner
Docket No. 5811
United States Tax Court
7 T.C. 1171; 1946 U.S. Tax Ct. LEXIS 32;
November 19, 1946, Promulgated
Decision will be entered under Rule 50.
In 1934 and 1935 petitioner created trusts in which a bank was named trustee and petitioner's only daughter was the beneficiary. The corpus of the 1934 trust consisted of stock of the Kalamazoo Stove Co., of which petitioner was president but a minority stockholder, and other securities. The 1935 trust corpus was originally composed of other…
2Cases cited5 opinions
- Helvering v. StuartSupreme Court of the United States · 1942
- Loew v. CommissionerUnited States Tax Court · 1946
- Banfield v. CommissionerUnited States Tax Court · 1944
- Wheelock v. CommissionerUnited States Tax Court · 1946
- Blakeslee v. CommissionerUnited States Tax Court · 1946