Hancy v. Commissioner
United States Board of Tax Appeals
1. Decedent was given general powers of appointment by the wills of her father and brother and reserved a general power of appointment to herself in a certain trust deed. By her last will and testament she exercised the three powers in favor of her daughter, who was also the remainderman under each of the instruments.
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1. Decedent was given general powers of appointment by the wills of her father and brother and reserved a general power of appointment to herself in a certain trust deed. By her last will and testament she exercised the three powers in favor of her daughter, who was also the remainderman under each of the instruments. Held that the value of the appointed property should be included in the decedent's gross estate under section 402(e) of the Revenue Act of 1918. 2. Evidence held insufficient to determine that the value placed on certain shares of stock by respondent was erroneous.
1Opinion of the Court
EDWARD J. HANCY, EXECUTOR OF THE WILL OF MARIA C. HONE, DECEASED, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Hancy v. Commissioner
Docket No. 11562.
United States Board of Tax Appeals
17 B.T.A. 464; 1929 BTA LEXIS 2291;
September 25, 1929, Promulgated
1. Decedent was given general powers of appointment by the wills of her father and brother and reserved a general power of appointment to herself in a certain trust deed. By her last will and testament she exercised the three powers in favor of her daughter, who was also the remainderman under each of the instruments. Held that the…
2Cases cited43 opinions
- Reinecke v. Northern Trust Co.Supreme Court of the United States · 1929
- Nichols v. CoolidgeSupreme Court of the United States · 1927
- Chase National Bank v. United StatesSupreme Court of the United States · 1929
- United States v. RobbinsSupreme Court of the United States · 1926
- Untermyer v. AndersonSupreme Court of the United States · 1928
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