Arents v. Commissioner
United States Tax Court
Held, the value of certain life insurance policies and the value of securities required to produce income sufficient to pay the premiums thereon, comprising part of the corpus of a trust created on June 4, 1932, are not includible in the decedent's gross estate under section 811(c)(1), I.R.C. 1939.
1Opinion of the Court
OPINION.
Withe y, Judge:
Respondent determined a deficiency in estate tax in the amount of $286,672.64.
The issue presented for our decision is the correctness of the respondent’s action in determining that the value of the principal of a trust fund created by the decedent is includible in her gross estate under section 811(c) (1) (B) of the Internal Revenue Code of 1939. Additional issues presented by the pleadings have been settled by stipulation.
All of the facts have been stipulated and are found accordingly.
Lena R. Arents died on March 11, 1954. On December 29, 1954, a Federal estate tax…
2Cases cited39 opinions
- May v. HeinerSupreme Court of the United States · 1930
- Commissioner v. Estate of ChurchSupreme Court of the United States · 1949
- Humes v. United StatesSupreme Court of the United States · 1928
- Commissioner v. Estate of HolmesSupreme Court of the United States · 1946
- Cyrus H. McCormick v. David BurnetSupreme Court of the United States · 1931
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3Cited by13 opinions
- Rich Hill Ins. Agency, Inc. v. CommissionerUnited States Tax Court · 1972
- Wadewitz v. CommissionerUnited States Tax Court · 1963
- Carlton v. CommissionerUnited States Tax Court · 1960
- Estate of Tomec v. CommissionerUnited States Tax Court · 1963
- Klauber v. CommissionerUnited States Tax Court · 1960
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