Continental Illinois Nat'l Bank & Trust Co. v. Commissioner
United States Board of Tax Appeals
Petitioner's testator, in his will, made certain bequests to charitable organizations which constituted proper deductions from the value of the estate in computing the Federal estate tax. After the probate of the will, certain heirs at law of testator filed a suit contesting the validity of the will.
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Petitioner's testator, in his will, made certain bequests to charitable organizations which constituted proper deductions from the value of the estate in computing the Federal estate tax. After the probate of the will, certain heirs at law of testator filed a suit contesting the validity of the will. The charitable beneficiaries and the contestants effected a compromise agreement, whereby the contestants were paid $75,000, made up by contributions from the beneficiaries in proportion to the amounts of their bequests, and the contestants released their claims against the estate. A consent…
1Opinion of the Court
CONTINENTAL ILLINOIS NATIONAL BANK AND TRUST COMPANY OF CHICAGO, EXECUTOR OF THE LAST WILL AND TESTAMENT OF FRED B. JONES, DECEASED, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Continental Illinois Nat'l Bank & Trust Co. v. Commissioner
Docket No. 87203.
United States Board of Tax Appeals
38 B.T.A. 220; 1938 BTA LEXIS 896;
July 29, 1938, Promulgated
Petitioner's testator, in his will, made certain bequests to charitable organizations which constituted proper deductions from the value of the estate in computing the Federal estate tax. After the probate of the will, certain heirs at…
2Cases cited11 opinions
- Blair v. CommissionerSupreme Court of the United States · 1937
- Freuler v. HelveringSupreme Court of the United States · 1934
- Edwards v. SlocumSupreme Court of the United States · 1924
- Uterhart v. United StatesSupreme Court of the United States · 1916
- People v. Union Trust Co.Illinois Supreme Court · 1912
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