Estate of Jaecker v. Commissioner
United States Tax Court
In his last will and testament, the decedent created three trusts. Each of the trusts established a reserved life estate, one of the trusts also established two secondary life estates, and each of the trusts provided for ultimate remainders to certain charities.
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In his last will and testament, the decedent created three trusts. Each of the trusts established a reserved life estate, one of the trusts also established two secondary life estates, and each of the trusts provided for ultimate remainders to certain charities. The trustees of each of the trusts were given broad administrative and investment powers without any restrictions to which fiduciaries are ordinarily subject, except the duty to act in good faith and with reasonable care. The life beneficiary of each of the trusts disclaimed his rights under the trusts to have the administrative and…
1Opinion of the Court
Estate of Harry C. Jaecker, Manufacturers Hanover Trust Company, Harry C. Jaecker, Jr., and Katie Jaecker Dexter, Executors, Petitioners v. Commissioner of Internal Revenue, Respondent
Estate of Jaecker v. Commissioner
Docket No. 824-69
United States Tax Court
58 T.C. 166; 1972 U.S. Tax Ct. LEXIS 140;
April 27, 1972, Filed
Decision will be entered under Rule 50.
In his last will and testament, the decedent created three trusts. Each of the trusts established a reserved life estate, one of the trusts also established two secondary life estates, and each of the trusts provided for ultimate remainders…
2Cases cited17 opinions
- Child Labor Tax CaseSupreme Court of the United States · 1922
- Estate of Lillie MacMunn Stewart, Deceased, W. Alan Henderson v. Commissioner of Internal RevenueCourt of Appeals for the Third Circuit · 1971
- Estate of Stewart v. CommissionerUnited States Tax Court · 1969
- Schoonmaker v. CommissionerUnited States Tax Court · 1946
- MacAulay v. CommissionerUnited States Tax Court · 1944
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