Legal Opinion
Mercantile-Safe Deposit and Trust Co. v. United States
District Court, D. Maryland
Decided March 7, 1966No. Civ. 15254PublishedCited by 7 opinions
1Opinion of the Court
THOMSEN, Chief Judge.
In this action to recover estate taxes alleged to have been erroneously and illegally collected, the issue is whether the value of the remainder interest to charity in the residuary trust created by the will of Dr. George F. Sargent was deductible under sec. 2055 of the Internal Revenue Code of 1954, 26 U.S.C.A. § 2055. More specifically, the questions presented are: (1) whether the will provides a sufficiently definite standard limiting the extent of possible invasion for the benefit of non-charitable interests so that the value of the charitable remainder was “presently…
2Cases cited20 opinions
- Ithaca Trust Co. v. United StatesSupreme Court of the United States · 1929
- Henslee v. Union Planters National Bank & Trust Co.Supreme Court of the United States · 1949
- Merchants Nat. Bank of Boston v. CommissionerSupreme Court of the United States · 1943
- Commissioner v. Estate of SternbergerSupreme Court of the United States · 1955
- Newton Trust Co. v. Commissioner of Internal RevenueCourt of Appeals for the First Circuit · 1947
15 more not listed; retrieve them via the Exa API.
3Cited by7 opinions
- Samuel H. Salisbury, as Under the Will of Ora S. Hitchcock v. United StatesCourt of Appeals for the Second Circuit · 1967
- McDowell Nat. Bank of Sharon, Pa. v. United StatesDistrict Court, W.D. Pennsylvania · 1976
- In Re Estate of JudgeDistrict Court, M.D. Pennsylvania · 1974
- Judge v. United StatesDistrict Court, M.D. Pennsylvania · 1974
- Mercantile-Safe Deposit & Trust Co. v. United StatesDistrict Court, D. Maryland · 1966
2 more not listed; retrieve them via the Exa API.