Legal Opinion
Geraldine Frost Williams and Robert W. Williams v. The United States
United States Court of Claims
Decided June 9, 1967No. 195-66PublishedCited by 10 opinions
1Opinion of the Court
ON PLAINTIFFS’ AND DEFENDANT’S MOTIONS FOR JUDGMENT ON THE PLEADINGS
LARAMORE, Judge.
Section 2503(b) of the Internal Revenue Code of 1954 exempts from the gift tax the first $3,000 of any gift of a present interest in property made to any person. Subsection (c) permits a gift in trust to a minor donee to be considered a present interest “if the property and the income therefrom — (1) may be expended by, or for the benefit of, the donee before his attaining the age of 21 years, and (2) will to the extent not so expended — (A) pass to the donee on his attaining the age of 21 years, and (B) in…
2Cases cited7 opinions
- Henslee v. Union Planters National Bank & Trust Co.Supreme Court of the United States · 1949
- Weller v. CommissionerUnited States Tax Court · 1962
- Herr v. CommissionerUnited States Tax Court · 1961
- Commissioner of Internal Revenue v. Arlean I. Herr, in No. 13,811, and Robert F. Herr, in No. 13,812Court of Appeals for the Third Circuit · 1962
- Nell K. Ross, Individually and James G. Harris and Elizabeth Ross Harris, Independent of the Estate of James H. Ross, Deceased v. United StatesCourt of Appeals for the Fifth Circuit · 1965
2 more not listed; retrieve them via the Exa API.
3Cited by10 opinions
- Heidrich v. CommissionerUnited States Tax Court · 1971
- Pettus v. CommissionerUnited States Tax Court · 1970
- Wynn v. HarrisDistrict Court, W.D. Tennessee · 1980
- Faber v. United StatesDistrict Court, S.D. Ohio · 1969
- Stuart L. Faber and Shirley E. Faber v. United StatesCourt of Appeals for the Sixth Circuit · 1971
5 more not listed; retrieve them via the Exa API.