Arrott v. Commissioner
United States Board of Tax Appeals
Decedent by his will directed that his residuary estate be divided into six equal shares, two of which shares he bequeathed and devised to his executors and trustees to hold in trust for his daughters, and the remaining shares he bequeathed and devised to his four sons.
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Decedent by his will directed that his residuary estate be divided into six equal shares, two of which shares he bequeathed and devised to his executors and trustees to hold in trust for his daughters, and the remaining shares he bequeathed and devised to his four sons. Decedent appointed his wife and sons executors and trustees, vesting in them full management and control of said estate to pay over the income to his children, with discretionary power to sell and convey the real estate if they might think proper. Held, decedent did not, under the laws of Pennsylvania, create a legal trust in…
1Opinion of the Court
JAMES W. ARROTT, JR., PETITIONER, v. COMMISSIONER OF INTERNAL OF INTERNAL REVENUE, RESPONDENT.
CHARLES F. ARROTT, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
ALBERT E. ARROTT, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Arrott v. Commissioner
Docket Nos. 39465, 39466, 39467.
United States Board of Tax Appeals
23 B.T.A. 478; 1931 BTA LEXIS 1864;
May 29, 1931, Promulgated
Decedent by his will directed that his residuary estate be divided into six equal shares, two of which shares he bequeathed and devised to his executors and trustees to hold in trust for his…
2Cases cited1 opinion
- Arrott v. CommissionerUnited States Board of Tax Appeals · 1931