Safe Deposit & Trust Co. v. Commissioner
United States Board of Tax Appeals
Decedent's father bequeathed to him certain property to be held in trust until decedent became 28 years old, at which time decedent would become the absolute owner, if alive. If decedent died intestate before attaining that age, leaving living issue, the trustee should hold the property in trust for such issue until the year in which decedent would have been 28 years old.
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Decedent's father bequeathed to him certain property to be held in trust until decedent became 28 years old, at which time decedent would become the absolute owner, if alive. If decedent died intestate before attaining that age, leaving living issue, the trustee should hold the property in trust for such issue until the year in which decedent would have been 28 years old. If decedent died intestate without children before attaining that age, his interest was to go to his brother and sisters or to the trusts established for them. Decedent, by the will of his father, was given the power of…
1Opinion of the Court
SAFE DEPOSIT AND TRUST COMPANY OF BALTIMORE, TRUSTEE UNDER WILLS OF R. J. REYNOLDS, AND KATHARINE S. JOHNSTON, AND DEED OF KATHARINE S. JOHNSTON AND DECREE OF SUPERIOR COURT OF FORSYTH COUNTY, N.C., ETC., PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
ESTATES ADMINISTRATION, INC., ADMINISTRATOR OF THE ESTATE OF ZACHARY SMITH REYNOLDS, DECEASED, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Safe Deposit & Trust Co. v. Commissioner
Docket Nos. 86394, 86395.
United States Board of Tax Appeals
42 B.T.A. 145; 1940 BTA LEXIS 1043;
June 19, 1940, Promulgated
Decedent's father…
2Cases cited38 opinions
- Blair v. CommissionerSupreme Court of the United States · 1937
- Morgan v. CommissionerSupreme Court of the United States · 1940
- Ithaca Trust Co. v. United StatesSupreme Court of the United States · 1929
- Crooks v. HarrelsonSupreme Court of the United States · 1930
- Lyeth v. HoeySupreme Court of the United States · 1938
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