Beveridge v. Commissioner
United States Tax Court
The taxpayer's daughter transferred to the taxpayer without consideration valuable real estate and other property prior to her marriage to a man to whom the taxpayer objected. Complete estrangement between the daughter and the taxpayer resulted from the marriage, and in 1942 the daughter made demand for the property, alleging duress and threatening suit.
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The taxpayer's daughter transferred to the taxpayer without consideration valuable real estate and other property prior to her marriage to a man to whom the taxpayer objected. Complete estrangement between the daughter and the taxpayer resulted from the marriage, and in 1942 the daughter made demand for the property, alleging duress and threatening suit. She then offered to settle for $ 600,000. After protracted negotiations the settlement figure was reduced and, on advice of her attorneys, the taxpayer agreed to transfer $ 120,000 to a trust for the daughter's benefit. She did so in 1943,…
1Opinion of the Court
Catherine S. Beveridge, Petitioner, v. Commissioner of Internal Revenue, Respondent
Beveridge v. Commissioner
Docket No. 12919
United States Tax Court
10 T.C. 915; 1948 U.S. Tax Ct. LEXIS 179;
May 24, 1948, Promulgated
Decision will be entered for the petitioner.
The taxpayer's daughter transferred to the taxpayer without consideration valuable real estate and other property prior to her marriage to a man to whom the taxpayer objected. Complete estrangement between the daughter and the taxpayer resulted from the marriage, and in 1942 the daughter made demand for the property, alleging duress and…
2Cases cited7 opinions
- Commissioner v. WemyssSupreme Court of the United States · 1945
- Merrill v. FahsSupreme Court of the United States · 1945
- Jones v. CommissionerUnited States Tax Court · 1943
- Converse v. CommissionerUnited States Tax Court · 1945
- Estate of Barnard v. CommissionerUnited States Tax Court · 1947
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