Estate of Jordahl v. Commissioner
United States Tax Court
On Jan. 31, 1931, decedent created a trust and named himself one of three trustees. The corpus of the trust included insurance policies on the decedent's life and other income-producing assets. The trustees were instructed to pay the premiums out of the assets of the trust and to pay over any remaining income to the decedent. At no time was income insufficient to pay the premiums.
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On Jan. 31, 1931, decedent created a trust and named himself one of three trustees. The corpus of the trust included insurance policies on the decedent's life and other income-producing assets. The trustees were instructed to pay the premiums out of the assets of the trust and to pay over any remaining income to the decedent. At no time was income insufficient to pay the premiums. On his death his daughter was to receive the income until she reached age 50 at which time she was to receive the principal. The decedent retained the power to substitute securities, property, and policies "of equal…
1Opinion of the Court
Estate of Anders Jordahl, Deceased, United States Trust Company of New York, and Wendell W. Forbes, Co-Executors, Petitioners v. Commissioner of Internal Revenue, Respondent
Estate of Jordahl v. Commissioner
Docket No. 5651-73
United States Tax Court
65 T.C. 92; 1975 U.S. Tax Ct. LEXIS 54;
October 15, 1975, Filed
Decision will be entered under Rule 155.
On Jan. 31, 1931, decedent created a trust and named himself one of three trustees. The corpus of the trust included insurance policies on the decedent's life and other income-producing assets. The trustees were instructed to pay the premiums out of…
2Cases cited32 opinions
- United States v. ByrumSupreme Court of the United States · 1972
- Carrier v. . CarrierNew York Court of Appeals · 1919
- In Re the Accounting of LockeNew York Court of Appeals · 1932
- Downe v. CommissionerUnited States Tax Court · 1943
- King v. CommissionerUnited States Tax Court · 1962
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