Estate of Salter v. Commissioner
United States Tax Court
Decedent Cary W. Salter, Sr., died on Mar. 1, 1968, leaving all of his property to his surviving widow, Medora L. Salter, with any "residual after her death" to his three children in equal parts.
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Decedent Cary W. Salter, Sr., died on Mar. 1, 1968, leaving all of his property to his surviving widow, Medora L. Salter, with any "residual after her death" to his three children in equal parts. Before the estate tax return was due, the widow filed a "Petition To Construe Will" in the local Chancery Court, seeking an order interpreting the will to give her an absolute power to appoint the estate during her lifetime without the necessity for any remaindermen joining with her in the conveyance thereof. The children filed entries of appearance, joined in the petition, and agreed to be bound by…
1Opinion of the Court
Estate of Medora L. Salter, Non Compos Mentis, Mississippi Bank & Trust Company, Conservator (John A. Salter, Successor Conservator), Transferee, Petitioner v. Commissioner of Internal Revenue, Respondent
Estate of Salter v. Commissioner
Docket No. 8531-72
United States Tax Court
63 T.C. 537; 1975 U.S. Tax Ct. LEXIS 192;
February 11, 1975, Filed
Decision will be entered under Rule 155.
Decedent Cary W. Salter, Sr., died on Mar. 1, 1968, leaving all of his property to his surviving widow, Medora L. Salter, with any "residual after her death" to his three children in equal parts. Before the estate tax…
2Cases cited28 opinions
- Commissioner v. Estate of BoschSupreme Court of the United States · 1967
- Estate of Edward F. Pipe, Deceased, Nettie M. Pipe v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1957
- Pipe v. CommissionerUnited States Tax Court · 1954
- Brown v. RoutzahnCourt of Appeals for the Sixth Circuit · 1933
- Hardenbergh v. Commissioner of Internal Revenue (Two Cases)Court of Appeals for the Eighth Circuit · 1952
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