Wier v. Commissioner
United States Tax Court
1. In 1935, decedent and his wife established two trusts, one for each of their minor daughters, with the corpus and accumulated income to be distributed to the beneficiaries on their twenty-first birthday. Decedent frequently made gifts to the trusts prior to his death in 1945, which occurred before either trust terminated.
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1. In 1935, decedent and his wife established two trusts, one for each of their minor daughters, with the corpus and accumulated income to be distributed to the beneficiaries on their twenty-first birthday. Decedent frequently made gifts to the trusts prior to his death in 1945, which occurred before either trust terminated. The trustees were to distribute when necessary to the beneficiary the income and corpus for "the education, maintenance and support" and "in the manner appropriate to her station in life." During his lifetime decedent as a cotrustee made no distributions to the…
1Opinion of the Court
OPINION.
Black, Judge:
There are three issues to be decided in this controversy. All issues relate to transfers by the decedent during his lifetime of various properties which were added to the decedent’s gross estate in the respondent’s deficiency determination.
Issue No. 1.
As the first issue we consider the decedent’s transfers to the Ann Kandolph Wier Trust and the Mary Withrow Wier Trust. The two trusts, established in 1935 by decedent and his spouse for their two minor daughters, were identical. Each trust was to continue until the beneficiary reached the age of 21 years, at which time it…
2Cases cited12 opinions
- United States v. WellsSupreme Court of the United States · 1931
- Commissioner v. Estate of HolmesSupreme Court of the United States · 1946
- Industrial Trust Co. v. Commissioner of Internal Rev.Court of Appeals for the First Circuit · 1947
- Jennings v. SmithCourt of Appeals for the Second Circuit · 1947
- Estate of Budlong v. CommissionerUnited States Tax Court · 1946
7 more not listed; retrieve them via the Exa API.
3Cited by29 opinions
- Estate of Linderme v. CommissionerUnited States Tax Court · 1969
- Gutchess v. CommissionerUnited States Tax Court · 1966
- Estate of Barlow v. CommissionerUnited States Tax Court · 1971
- Estate of Gilman v. CommissionerUnited States Tax Court · 1975
- Budd v. CommissionerUnited States Tax Court · 1968
24 more not listed; retrieve them via the Exa API.