Estate of Elliott v. Commissioner
United States Tax Court
Decedent purchased U.S. savings bonds (series E) with her own funds. The bonds were registered in coownership form in the name of decedent or her daughter or grandchildren. The bonds were kept in a bank safe-deposit box rented by decedent in her name and to which she had access until her death. About 6 years before she died, decedent gave the keys to the safe-deposit box to her daughter and after that time never entered the box again.
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Decedent purchased U.S. savings bonds (series E) with her own funds. The bonds were registered in coownership form in the name of decedent or her daughter or grandchildren. The bonds were kept in a bank safe-deposit box rented by decedent in her name and to which she had access until her death. About 6 years before she died, decedent gave the keys to the safe-deposit box to her daughter and after that time never entered the box again. Delivery of the keys was recorded in decedent's diary. The bonds remained in the safe-deposit box until the decedent's death. Held: (1) The Treasury regulations…
1Opinion of the Court
Estate of Mae Elliott, Mrs. J. E. Crabtree, a.k.a. Mrs. Mary Kathryn Crabtree, Executrix, et al., 1 Petitioners v. Commissioner of Internal Revenue, Respondent
Estate of Elliott v. Commissioner
Dockets Nos. 5731-69, 5732-69, 5733-69, 5734-69, 5735-69, 5736-69
United States Tax Court
57 T.C. 152; 1971 U.S. Tax Ct. LEXIS 35;
October 28, 1971, Filed
Decisions will be entered under Rule 50.
Decedent purchased U.S. savings bonds (series E) with her own funds. The bonds were registered in coownership form in the name of decedent or her daughter or grandchildren. The bonds were kept in a bank safe-deposit…
Also in this document: Concurrence.
2Cases cited21 opinions
- Free v. BlandSupreme Court of the United States · 1962
- Conrad v. ConradCalifornia Court of Appeal · 1944
- Harmon v. SchmitzTexas Commission of Appeals · 1931
- Katz v. DriscollCalifornia Court of Appeal · 1948
- Wells v. SansingTexas Supreme Court · 1952
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