Hailey v. Commissioner
United States Tax Court
Widow's interest in lump sum of $ 25,000 allowed to widow and minor child for year's support under Georgia statutes is a terminable interest and does not qualify for marital deduction under sec. 2056, I.R.C. 1954.
1Opinion of the Court
Estate of William Lamar Hailey, Katherine McKay Hailey, Executrix, Petitioner, v. Commissioner of Internal Revenue, Respondent
Hailey v. Commissioner
Docket No. 78180
United States Tax Court
36 T.C. 120; 1961 U.S. Tax Ct. LEXIS 172;
April 20, 1961, Filed
Decision will be entered for the respondent.
Widow's interest in lump sum of $ 25,000 allowed to widow and minor child for year's support under Georgia statutes is a terminable interest and does not qualify for marital deduction under sec. 2056, I.R.C. 1954.
Harvey H. Hunt, CPA, for the petitioner.
James E. Johnson, Jr., Esq., for the respondent.
Drenne…
2Cases cited15 opinions
- Estate of Edward A. Cunha, Deceased, Bank of America, National Trust and Savings Association v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1960
- Estate of Rensenhouse v. CommissionerUnited States Tax Court · 1959
- Estate of Cunha v. CommissionerUnited States Tax Court · 1958
- Gale v. CommissionerUnited States Tax Court · 1960
- Rensenhouse v. CommissionerUnited States Tax Court · 1956
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