Leser v. Commissioner
United States Board of Tax Appeals
Under a deed of trust executed by her father in 1883 the petitioner's decedent was granted a general power of appointment to designate the persons to whom certain property should pass upon her decease. The power of appointment was exercised. The decedent died March 29, 1922. Held, that the value of the appointed property was includable in the gross estate of the decedent for the purpose of determining the amount of the estate tax.
1Opinion of the Court
EMILY ANNETTE AGNUS LESER, EXECUTRIX, ESTATE OF ANNIE E. AGNUS, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Leser v. Commissioner
Docket No. 21293.
United States Board of Tax Appeals
17 B.T.A. 266; 1929 BTA LEXIS 2323;
September 17, 1929, Promulgated
Under a deed of trust executed by her father in 1883 the petitioner's decedent was granted a general power of appointment to designate the persons to whom certain property should pass upon her decease. The power of appointment was exercised. The decedent died March 29, 1922. Held, that the value of the appointed property was includable…
2Cases cited22 opinions
- Nichols v. CoolidgeSupreme Court of the United States · 1927
- Chase National Bank v. United StatesSupreme Court of the United States · 1929
- Carver v. JacksonSupreme Court of the United States · 1830
- Stebbins v. RileySupreme Court of the United States · 1925
- United States v. FieldSupreme Court of the United States · 1921
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