Beggs v. Commissioner
United States Tax Court
Decedent, who was granted under her husband's will the income for life from his residuary estate, was also the executrix of his estate. She held a claim against her husband's estate for $ 10,000 which she had loaned him in his lifetime. As a creditor of his estate she chose not to collect this $ 10,000 debt due her from the estate, but elected instead to receive the net income from the estate.
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Decedent, who was granted under her husband's will the income for life from his residuary estate, was also the executrix of his estate. She held a claim against her husband's estate for $ 10,000 which she had loaned him in his lifetime. As a creditor of his estate she chose not to collect this $ 10,000 debt due her from the estate, but elected instead to receive the net income from the estate. At her death in 1945, the claim for $ 10,000 was barred by the statute of limitations. The entire assets of the husband's estate were distributed to his daughter as the remainderman under his will, and…
1Opinion of the Court
Estate of Eleanor Hughes Beggs, Mellon National Bank and Trust Company, Successor by Merger and Consolidation to The Union Trust Company of Pittsburgh, Executor, Petitioner, v. Commissioner of Internal Revenue, Respondent
Beggs v. Commissioner
Docket No. 17343
United States Tax Court
13 T.C. 131; 1949 U.S. Tax Ct. LEXIS 120;
July 25, 1949, Promulgated
Decision will be entered under Rule 50.
Decedent, who was granted under her husband's will the income for life from his residuary estate, was also the executrix of his estate. She held a claim against her husband's estate for $ 10,000 which she had…
2Cases cited7 opinions
- Walker v. CommissionerUnited States Tax Court · 1944
- Beggs v. CommissionerUnited States Tax Court · 1949
- Clad's EstateSupreme Court of Pennsylvania · 1906
- Estate of KuhlmanSupreme Court of Pennsylvania · 1897
- Hoch's AppealSupreme Court of Pennsylvania · 1853
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