Estate of Sullivan v. Commissioner
United States Tax Court
The decedent and her sister, both unmarried, lived together for many years. The sister had a history of cancer. Some 4 months prior to decedent's death the sister transferred two parcels of real estate to decedent and 12 days prior to decedent's death the sister transferred certain securities to decedent. The petitioner claimed that the transfers were invalid because the sister was incompetent.
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The decedent and her sister, both unmarried, lived together for many years. The sister had a history of cancer. Some 4 months prior to decedent's death the sister transferred two parcels of real estate to decedent and 12 days prior to decedent's death the sister transferred certain securities to decedent. The petitioner claimed that the transfers were invalid because the sister was incompetent. The decedent also held funds in joint bank accounts and trustee accounts on her death. HELD: The transfers by the sister effectively vested ownership in the securities and real estate in the decedent.…
1Opinion of the Court
ESTATE OF MAY M. SULLIVAN, Deceased, CORNELIUS F. J. SULLIVAN and MORTIMER J. SULLIVAN, Administrators, Petitioner v. COMMISSIONER OF INTERNAL REVENUE, Respondent
Estate of Sullivan v. Commissioner
Docket No. 7485-70.
United States Tax Court
T.C. Memo 1974-38; 1974 Tax Ct. Memo LEXIS 281; 33 T.C.M. (CCH) 183; T.C.M. (RIA) 74038;
February 11, 1974, Filed.
The decedent and her sister, both unmarried, lived together for many years. The sister had a history of cancer. Some 4 months prior to decedent's death the sister transferred two parcels of real estate to decedent and 12 days prior to decedent's…
2Cases cited3 opinions
- Wilkes-Barre Carriage Co. v. CommissionerUnited States Tax Court · 1963
- Wilkes-Barre Carriage Co., Inc. v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1964
- Zips v. CommissionerUnited States Tax Court · 1962
3Cited by1 opinion
- Estate of Burgess v. CommissionerUnited States Tax Court · 1979