Legal Opinion
Estate of Ethel H. Kurz, by First National Bank of Chicago v. Commissioner of Internal Revenue
Court of Appeals for the First Circuit
Decided October 30, 1995No. 95-1061PublishedCited by 8 opinions
1Opinion of the Court
EASTERBROOK, Circuit Judge.
Between her husband’s death, in 1971, and her own, in 1986, Ethel H. Kurz was the beneficiary of two trusts. Kurz received the income from each. She was entitled to as much of the principal of one (which we call the Marital Trust) as she wanted; all she had to do was notify the trustee in writing. She could take only 5% of the other (which we call the Family Trust) in any year, and then only if the Marital Trust was exhausted. When Kurz died, the Marital Trust contained assets worth some $3.5 million, and the Family Trust was worth about $3.4 million. The estate tax…
2Cases cited5 opinions
- Shalala v. Guernsey Memorial HospitalSupreme Court of the United States · 1995
- HOMEMAKERS NORTH SHORE, INC., Plaintiff-Appellant, v. Otis R. BOWEN, Secretary of Health and Human Services, Defendant-AppelleeCourt of Appeals for the Seventh Circuit · 1987
- Pettibone Corporation v. United StatesCourt of Appeals for the Seventh Circuit · 1994
- Snyder Howell v. United StatesCourt of Appeals for the Seventh Circuit · 1985
- Estate of Kurz v. CommissionerUnited States Tax Court · 1993
3Cited by8 opinions
- Municipal Trust and Savings Bank v. United States of America, Intervenor-AppellantCourt of Appeals for the Seventh Circuit · 1997
- Mary P. v. Illinois State Board of EducationDistrict Court, N.D. Illinois · 1996
- Estate of Albert Strangi v. CommissionerUnited States Tax Court · 2000
- Estate of Eleanor R. Gerson, Allan D. Kleinman v. CommissionerUnited States Tax Court · 2006
- Estate of Gerson v. Comm'rUnited States Tax Court · 2006
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