Legal Opinion
United States v. Byrum
Supreme Court of the United States
Decided October 10, 1972No. 71-308PublishedCited by 164 opinions
1Opinion of the CourtJustice Powell
Decedent, Milliken C. Byrum, created in 1958 an irrevocable trust to which he transferred shares of stock in three closely held corporations. Prior to transfer, he owned at least 71% of the outstanding stock of each corporation. The beneficiaries were his children or, in the event of their death before the termination of the trust, their surviving children. The trust instrument specified that there be a corporate trustee. Byrum designated as sole trustee an independent corporation, Huntington National Bank. The trust agreement vested *127in the trustee broad and detailed powers with respect to…
2Cases cited30 opinions
- Commissioner v. SunnenSupreme Court of the United States · 1948
- Helvering v. HallockSupreme Court of the United States · 1940
- Botany Worsted Mills v. United StatesSupreme Court of the United States · 1929
- Reinecke v. Northern Trust Co.Supreme Court of the United States · 1929
- Commissioner v. Estate of ChurchSupreme Court of the United States · 1949
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3Cited by164 opinions
- Bixby v. CommissionerUnited States Tax Court · 1972
- Crosby v. BeamOhio Supreme Court · 1989
- Michael A. Costantino, on Behalf of the Class of v. Trw, Inc. Jake Schoepler, Secretary, Board of Administrators Trw Salaried Pension PlanCourt of Appeals for the Sixth Circuit · 1994
- Fed. Sec. L. Rep. P 97,267 Ralph E. Aschinger v. Columbus Showcase Company, Carl J. Aschinger, Sr.Court of Appeals for the Sixth Circuit · 1991
- Estate of Gilford v. CommissionerUnited States Tax Court · 1987
159 more not listed; retrieve them via the Exa API.