Vardell v. Commissioner
United States Tax Court
1. The decedent, Lela Barry Vardell, and T. W. Vardell were husband and wife, and all their property, under Texas law, was community property. The husband died February 27, 1934, leaving a will which put his wife to an election either to take her community one-half of the property or to take the income from the entire property for life with the remainder passing to a trust for their children and grandchildren.
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1. The decedent, Lela Barry Vardell, and T. W. Vardell were husband and wife, and all their property, under Texas law, was community property. The husband died February 27, 1934, leaving a will which put his wife to an election either to take her community one-half of the property or to take the income from the entire property for life with the remainder passing to a trust for their children and grandchildren. The will provided as to Lela that "so long as she shall remain a widow, she to have, during such time, full and absolute authority to handle, manage, sell, and in any manner dispose of…
1Opinion of the Court
Estate of Lela Barry Vardell, Deceased, First National Bank in Dallas, Executor, Petitioner, v. Commissioner of Internal Revenue, Respondent
Vardell v. Commissioner
Docket No. 75855
United States Tax Court
35 T.C. 50; 1960 U.S. Tax Ct. LEXIS 51;
October 17, 1960, Filed
Decision will be entered under Rule 50.
1. The decedent, Lela Barry Vardell, and T. W. Vardell were husband and wife, and all their property, under Texas law, was community property. The husband died February 27, 1934, leaving a will which put his wife to an election either to take her community one-half of the property or to take the…
2Cases cited3 opinions
- Ellis v. First National Bank in DallasCourt of Appeals of Texas · 1958
- Vardell v. CommissionerUnited States Tax Court · 1960
- Olson v. ReisimerCourt of Appeals for the Seventh Circuit · 1959