Norris v. Commissioner
United States Board of Tax Appeals
Decedent's will, after making a number of specific bequests, left all the residue of the estate to trustees who were directed to pay certain annuities out of the income therefrom and, if they were satisfied they had in their possession property more than sufficient to meet in full all previous requirements of the will, to pay out of the principal "not to exceed $5,000 to Columbia Hospital", and thereafter they were authorized and empowered "whenever and as often as they are…
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Decedent's will, after making a number of specific bequests, left all the residue of the estate to trustees who were directed to pay certain annuities out of the income therefrom and, if they were satisfied they had in their possession property more than sufficient to meet in full all previous requirements of the will, to pay out of the principal "not to exceed $5,000 to Columbia Hospital", and thereafter they were authorized and empowered "whenever and as often as they are satisfied that they have in their hands ample funds to fulfill all the requirements of my said will, at their discretion…
1Opinion of the Court
ESTATE OF FANNIE W. NORRIS, DECEASED, DANIEL W. NORRIS, EMMET L. RICHARDSON AND PERRY J. STEARNS, AS EXECUTORS, PETITIONERS, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Norris v. Commissioner
Docket No. 104902.
United States Board of Tax Appeals
46 B.T.A. 705; 1942 BTA LEXIS 832;
March 18, 1942, Promulgated
Decedent's will, after making a number of specific bequests, left all the residue of the estate to trustees who were directed to pay certain annuities out of the income therefrom and, if they were satisfied they had in their possession property more than sufficient to meet in full all…
2Cases cited10 opinions
- Ithaca Trust Co. v. United StatesSupreme Court of the United States · 1929
- Lyeth v. HoeySupreme Court of the United States · 1938
- Young Men's Christian Assn. of Columbus v. DavisSupreme Court of the United States · 1924
- Edwards v. SlocumSupreme Court of the United States · 1924
- Humes v. United StatesSupreme Court of the United States · 1928
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