Legal Opinion
Estate of William Zentmayer, Deceased, the First Pennsylvania Banking and Trust Company v. Commissioner of Internal Revenue
Court of Appeals for the First Circuit
Decided October 2, 1964No. 14650PublishedCited by 30 opinions
1Opinion of the Court
KIRKPATRICK, District Judge.
This is a petition to review a decision of the Tax Court affirming the Commissioner’s disallowance of a deduction of the value of a charitable remainder from the gross estate of Dr. William Zentmayer, a physician who had attained eminence in the field of ophthalmology.
Allowance of a deduction of a charitable remainder in cases where the will allows the principal of the estate to be invaded depends upon there being in the will an ascertainable standard by which the amount that the charity will receive at the termination of the life interest can be calculated with…
2Cases cited6 opinions
- Ithaca Trust Co. v. United StatesSupreme Court of the United States · 1929
- Henslee v. Union Planters National Bank & Trust Co.Supreme Court of the United States · 1949
- Merchants Nat. Bank of Boston v. CommissionerSupreme Court of the United States · 1943
- Strite v. McGinnesCourt of Appeals for the Third Circuit · 1964
- Winthrop Co. v. ClintonSupreme Court of Pennsylvania · 1900
1 more not listed; retrieve them via the Exa API.
3Cited by30 opinions
- Estate of Lillie MacMunn Stewart, Deceased, W. Alan Henderson v. Commissioner of Internal RevenueCourt of Appeals for the Third Circuit · 1971
- Horace S. Miller, Jr. And Isabel M. Campbell, Co-Executors of the Estate of Isabella Steel Miller, Deceased v. United StatesCourt of Appeals for the Third Circuit · 1968
- Samuel H. Salisbury, as Under the Will of Ora S. Hitchcock v. United StatesCourt of Appeals for the Second Circuit · 1967
- Peoples Trust Company of Bergen County, of the Estate of Dora Plume, Deceased v. United StatesCourt of Appeals for the Third Circuit · 1971
- Dean Mathey v. United StatesCourt of Appeals for the Third Circuit · 1974
25 more not listed; retrieve them via the Exa API.