Coulter v. Commissioner
United States Tax Court
1. In 1920 decedent joined with her three children in the creation of a trust, contributing one-half of the corpus. It was provided that out of the net income she should receive $ 200 per month and such further sum as the trustee might in its absolute discretion determine to be adequate or necessary for her proper support, care, and maintenance.
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1. In 1920 decedent joined with her three children in the creation of a trust, contributing one-half of the corpus. It was provided that out of the net income she should receive $ 200 per month and such further sum as the trustee might in its absolute discretion determine to be adequate or necessary for her proper support, care, and maintenance. It was further provided that if the trustee, in its absolute and uncontrolled discretion, should deem the net income insufficient to provide for the reasonable needs and comforts of the decedent, it was authorized and empowered, as often as it should…
1Opinion of the Court
Estate of Lelia E. Coulter, Deceased, Joel Wright Coulter, Executor, Petitioner, v. Commissioner of Internal Revenue, Respondent
Coulter v. Commissioner
Docket No. 3821
United States Tax Court
7 T.C. 1280; 1946 U.S. Tax Ct. LEXIS 20;
December 5, 1946, Promulgated
Decision will be entered under Rule 50.
1. In 1920 decedent joined with her three children in the creation of a trust, contributing one-half of the corpus. It was provided that out of the net income she should receive $ 200 per month and such further sum as the trustee might in its absolute discretion determine to be adequate or necessary…
2Cases cited15 opinions
- Commissioner v. Estate of HolmesSupreme Court of the United States · 1946
- Helvering v. HelmholzSupreme Court of the United States · 1935
- Fletcher v. Los Angeles Trust & Sav. BankCalifornia Supreme Court · 1920
- Eakle v. IngramCalifornia Supreme Court · 1904
- Neel v. BarnardCalifornia Supreme Court · 1944
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