Morgan v. Commissioner
United States Board of Tax Appeals
Decedent, a resident of the State of Wisconsin, and the donee of two powers of appointment, died May 3, 1933. The powers were created by decedent's father, a resident also of the State of Wisconsin. The instruments creating the powers provided that the income from the properties was to be paid to decedent for life, remainder "to such person or persons as she may appoint by her last will and testament" or, in case she failed to exercise the powers, "to her issue surviving."
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Decedent, a resident of the State of Wisconsin, and the donee of two powers of appointment, died May 3, 1933. The powers were created by decedent's father, a resident also of the State of Wisconsin. The instruments creating the powers provided that the income from the properties was to be paid to decedent for life, remainder "to such person or persons as she may appoint by her last will and testament" or, in case she failed to exercise the powers, "to her issue surviving." Decedent exercised the powers by will in favor of her husband. Held, under the applicable law of the State of Wisconsin,…
1Opinion of the Court
J. EARL MORGAN, EXECUTOR OF THE ESTATE OF ELIZABETH S. MORGAN, DECEASED, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Morgan v. Commissioner
Docket No. 82771.
United States Board of Tax Appeals
36 B.T.A. 588; 1937 BTA LEXIS 687;
September 30, 1937, Promulgated
Decedent, a resident of the State of Wisconsin, and the donee of two powers of appointment, died May 3, 1933. The powers were created by decedent's father, a resident also of the State of Wisconsin. The instruments creating the powers provided that the income from the properties was to be paid to decedent for life, remainder…
2Cases cited1 opinion
- Morgan v. CommissionerUnited States Board of Tax Appeals · 1937