Legal Opinion
Estate of Ruby Miller Whittle, Deceased, Citizens National Bank of Decatur, Trustee v. Commissioner of Internal Revenue
Court of Appeals for the Seventh Circuit
Decided May 19, 1993No. 92-1512, 92-1513PublishedCited by 13 opinions
1Opinion of the Court
BAUER, Chief Judge.
Ruby and John Whittle were husband and wife, and virtually all of their assets were held in joint tenancy with a right of survivor-ship. When John died in 1981, his gross estate was approximately $3.2 million. After allowable deductions, the taxable estate to-talled approximately $1.6 million. John’s interest in assets held in joint tenancy automatically terminated at his death and transferred to Ruby as his sole survivor. The only assets’ not held in joint tenancy were a $2,000 life insurance policy and miscellaneous personal property valued at $8,238, distribution of…
2Cases cited14 opinions
- Chevron U. S. A. Inc. v. Natural Resources Defense Council, Inc.Supreme Court of the United States · 1984
- Cottage Savings Assn. v. CommissionerSupreme Court of the United States · 1991
- Estate of Bahr v. CommissionerUnited States Tax Court · 1977
- Estate of Bailly v. CommissionerUnited States Tax Court · 1983
- T. S. Ballance, Administrator De Bonis Non With the Will Annexed of the Estate of Samuel D. Jarvis, Deceased v. United StatesCourt of Appeals for the Seventh Circuit · 1965
9 more not listed; retrieve them via the Exa API.
3Cited by13 opinions
- Gary L. Eyler v. Commissioner of Internal RevenueCourt of Appeals for the Seventh Circuit · 1996
- Jodie S. Abbott, David M. Balmes, Deborah J. Combs v. Village of Winthrop HarborCourt of Appeals for the Seventh Circuit · 2000
- Richard G. Cline and Carole J. Cline v. Commissioner of Internal RevenueCourt of Appeals for the Seventh Circuit · 1994
- Walgreen Company & Subsidiaries v. Commissioner of Internal RevenueCourt of Appeals for the Seventh Circuit · 1995
- Albert J. Hackl, Sr. And Christine M. Hackl v. Commissioner of Internal RevenueCourt of Appeals for the Seventh Circuit · 2003
8 more not listed; retrieve them via the Exa API.