Blacksher v. Commissioner
United States Board of Tax Appeals
1. The proceeds of life insurance policies which provided for payment to the beneficiaries after decedent's death of annuities for a period of 20 years certain and as long thereafter as the beneficiaries should live, the decedent at the time of his death having no right to change the beneficiaries, to receive the cash surrender value of the policies, or to borrow money on the policies without the consent of the beneficiaries, held not includable in decedent's gross estate…
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1. The proceeds of life insurance policies which provided for payment to the beneficiaries after decedent's death of annuities for a period of 20 years certain and as long thereafter as the beneficiaries should live, the decedent at the time of his death having no right to change the beneficiaries, to receive the cash surrender value of the policies, or to borrow money on the policies without the consent of the beneficiaries, held not includable in decedent's gross estate for estate tax purposes. 2. The values of certain life insurance policies includable in decedent's gross estate determined…
1Opinion of the Court
D. W. BLACKSHER AND FIRST NATIONAL BANK OF MOBILE, ALABAMA, EXECUTORS OF THE ESTATE OF JAMES URIAH BLACKSHER, DECEASED, PETITIONERS, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Blacksher v. Commissioner
Docket No. 88453.
United States Board of Tax Appeals
38 B.T.A. 998; 1938 BTA LEXIS 799;
October 25, 1938, Promulgated
1. The proceeds of life insurance policies which provided for payment to the beneficiaries after decedent's death of annuities for a period of 20 years certain and as long thereafter as the beneficiaries should live, the decedent at the time of his death having no right to…
2Cases cited1 opinion
- Blacksher v. CommissionerUnited States Board of Tax Appeals · 1938