Estate of Alexander v. Commissioner
United States Tax Court
Under decedent's will, his residuary estate was put into a trust. The trustee was directed to determine a specific portion thereof pursuant to a formula clause that would be designated the "wife's share." This amount was to be approximately equal to the maximum Federal estate tax marital deduction in determining the decedent's taxable estate. The remainder of the residuary trust was designated as the "balance."
Read the full summary
Under decedent's will, his residuary estate was put into a trust. The trustee was directed to determine a specific portion thereof pursuant to a formula clause that would be designated the "wife's share." This amount was to be approximately equal to the maximum Federal estate tax marital deduction in determining the decedent's taxable estate. The remainder of the residuary trust was designated as the "balance." Decedent's surviving spouse was to receive all the income of the residuary trust and was given a testamentary power of appointment "over that portion of this trust which shall be equal…
1Opinion of the Court
Estate of C. S. Alexander, Deceased, Branch Banking & Trust Company, Executor, Petitioner v. Commissioner of Internal Revenue, Respondent
Estate of Alexander v. Commissioner
Docket No. 2408-80
United States Tax Court
82 T.C. 34; 1984 U.S. Tax Ct. LEXIS 126; 82 T.C. No. 3;
January 5, 1984, Filed
Decision will be entered under Rule 155.
Under decedent's will, his residuary estate was put into a trust. The trustee was directed to determine a specific portion thereof pursuant to a formula clause that would be designated the "wife's share." This amount was to be approximately equal to the maximum Federal…
Also in this document: Concurrence · Chabot; Concurrence · Nims; Dissent.
2Cases cited25 opinions
- Commissioner v. South Texas Lumber Co.Supreme Court of the United States · 1948
- James v. United StatesSupreme Court of the United States · 1961
- Crane v. CommissionerSupreme Court of the United States · 1947
- United States v. CorrellSupreme Court of the United States · 1967
- Bingler v. JohnsonSupreme Court of the United States · 1969
20 more not listed; retrieve them via the Exa API.