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
OPINION.
Black, Judge:
We shall take up the issues in their order.
Issue 1.
The decedent and Vardell were husband and wife and all of their property was community property. Vardell died on 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 community estate for life, with the remainder passing to a trust for their children and grandchildren. The will provided that for the term of her life Lela shall have “full and absolute authority to handle, manage, sell, and in any manner dispose of…
2Cases cited1 opinion
- Olson v. ReisimerCourt of Appeals for the Seventh Circuit · 1959
3Cited by15 opinions
- Gregory v. CommissionerUnited States Tax Court · 1963
- Estate of Lela Barry Vardell, Deceased, First National Bank in Dallas v. Commissioner of Internal RevenueCourt of Appeals for the First Circuit · 1962
- Estate of Sparling v. CommissionerUnited States Tax Court · 1973
- Bomash v. CommissionerUnited States Tax Court · 1968
- Estate of Davis v. CommissionerUnited States Tax Court · 1968
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