Sheets v. Commissioner
United States Board of Tax Appeals
The decedent, with a view of adjusting property rights with his wife as the result of a divorce action filed against him, assigned a portion of his personal property to a third person, who transferred it to the decedent and his wife as joint tenants.
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The decedent, with a view of adjusting property rights with his wife as the result of a divorce action filed against him, assigned a portion of his personal property to a third person, who transferred it to the decedent and his wife as joint tenants. In an agreement entered into a short time thereafter, the wife gave the decedent the right to the income from the jointly owned property so long as he paid her $250 per month for household expenses, and he agreed not to convey his interest in the estate without the consent of his wife. The wife also waived her dower rights in the estate of the…
1Opinion of the Court
PAULINE L. SHEETS AND FIRST NATIONAL BANK AND TRUST COMPANY AS EXECUTORS OF THE ESTATE OF LEVERET T. SHEETS, PETITIONERS, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Sheets v. Commissioner
Docket No. 75223.
United States Board of Tax Appeals
35 B.T.A. 220; 1936 BTA LEXIS 546;
December 29, 1936, Promulgated
The decedent, with a view of adjusting property rights with his wife as the result of a divorce action filed against him, assigned a portion of his personal property to a third person, who transferred it to the decedent and his wife as joint tenants. In an agreement entered into a short time…
2Cases cited1 opinion
- Sheets v. CommissionerUnited States Board of Tax Appeals · 1936