Estate of Bevan v. Commissioner
United States Tax Court
The decedent's will created a split-interest trust, the beneficiaries being the decedent's grandnephew and the Holston Home for Children, a charitable organization. The will gave the trustee discretionary power to invade the corpus on behalf of the grandnephew.
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The decedent's will created a split-interest trust, the beneficiaries being the decedent's grandnephew and the Holston Home for Children, a charitable organization. The will gave the trustee discretionary power to invade the corpus on behalf of the grandnephew. The estate's Federal estate tax return was due on or before September 26, 1983. P filed the return on March 19, 1984. P concedes that the split-interest trust fails to meet the requirements of section 2055(e)(2), I.R.C. P failed to reform the trust provisions of the will, as permitted under section 2055(e)(3), I.R.C. Held, the estate's…
1Opinion of the Court
ESTATE OF EDITH L. BEVAN, DECEASED, W. KEITH McCORD, EXECUTOR, Petitioner v. COMMISSIONER OF INTERNAL REVENUE, Respondent
Estate of Bevan v. Commissioner
Docket No. 1709-87.
United States Tax Court
T.C. Memo 1989-256; 1989 Tax Ct. Memo LEXIS 256; 57 T.C.M. (CCH) 528; T.C.M. (RIA) 89256;
May 25, 1989.
The decedent's will created a split-interest trust, the beneficiaries being the decedent's grandnephew and the Holston Home for Children, a charitable organization. The will gave the trustee discretionary power to invade the corpus on behalf of the grandnephew. The estate's Federal estate tax return…
2Cases cited7 opinions
- United States v. BoyleSupreme Court of the United States · 1985
- William J. Oetting, of the Estate of Irma H. Dunmeyer, Deceased v. United StatesCourt of Appeals for the Eighth Circuit · 1983
- Charles L. Knapp and Beverley E. Knapp v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1989
- Knapp v. CommissionerUnited States Tax Court · 1988
- Estate of Edgar v. CommissionerUnited States Tax Court · 1980
2 more not listed; retrieve them via the Exa API.
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