Raegner v. Commissioner
United States Board of Tax Appeals
1. ESTATE TAX - WHETHER DECEDENT DIED POSSESSED OF REVERSIONARY INTERESTS IN NINE DIFFERENT TRUSTS. - Decedent created nine trusts. The income of one trust was payable to decedent's wife during her life; upon her death to his children and the issue of any deceased child, per stirpes; upon termination of the trust, the corpus was to be divided among decedent's then living children and the issue of any deceased child, per stirpes.
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1. ESTATE TAX - WHETHER DECEDENT DIED POSSESSED OF REVERSIONARY INTERESTS IN NINE DIFFERENT TRUSTS. - Decedent created nine trusts. The income of one trust was payable to decedent's wife during her life; upon her death to his children and the issue of any deceased child, per stirpes; upon termination of the trust, the corpus was to be divided among decedent's then living children and the issue of any deceased child, per stirpes. The income of the remaining eight trusts was payable, in each trust, to a specified child of decedent for life, with remainders substantially the same as in the first…
1Opinion of the Court
LOUIS C. RAEGNER, JR., DAVID A, DAVIES AND JOHANNA RAEGNER, AS EXECUTORS UNDER THE LAST WILL AND TESTAMENT OF LOUIS C. RAEGNER, DECEASED, PETITIONERS, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Raegner v. Commissioner
Docket No. 49078.
United States Board of Tax Appeals
29 B.T.A. 1243; 1934 BTA LEXIS 1403;
February 27, 1934, Promulgated
1. ESTATE TAX - WHETHER DECEDENT DIED POSSESSED OF REVERSIONARY INTERESTS IN NINE DIFFERENT TRUSTS. - Decedent created nine trusts. The income of one trust was payable to decedent's wife during her life; upon her death to his children and the issue of any…
2Cases cited3 opinions
- Wallace v. CommissionerUnited States Board of Tax Appeals · 1933
- Lit v. CommissionerUnited States Board of Tax Appeals · 1933
- Raegner v. CommissionerUnited States Board of Tax Appeals · 1934