Mason v. Commissioner
United States Board of Tax Appeals
1. A Kentucky court entered a judgment fixing the alimony of decedent's former wife at $150,000, in accordance with an agreement between the parties, and directing decedent to pledge policies of insurance in the total face amount of $150,000 taken out by him on his own life to secure the payment of the amount fixed as alimony.
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1. A Kentucky court entered a judgment fixing the alimony of decedent's former wife at $150,000, in accordance with an agreement between the parties, and directing decedent to pledge policies of insurance in the total face amount of $150,000 taken out by him on his own life to secure the payment of the amount fixed as alimony. As directed by the court, decedent assigned to his former wife policies in the total face amount of $150,000 to secure the payment of the amount fixed as alimony. After decedent's death the proceeds of the policies in the total amount of $150,000 were paid by the…
1Opinion of the Court
ESTATE OF SILAS B. MASON, DECEASED, BY SAM A. MASON, HORATIO P. MASON, AND SUSANNE B. MASON, CO-ADMINISTRATORS, PETITIONERS, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Mason v. Commissioner
Docket No. 100944.
United States Board of Tax Appeals
43 B.T.A. 813; 1941 BTA LEXIS 1458;
February 28, 1941, Promulgated
1. A Kentucky court entered a judgment fixing the alimony of decedent's former wife at $150,000, in accordance with an agreement between the parties, and directing decedent to pledge policies of insurance in the total face amount of $150,000 taken out by him on his own life to secure the…
2Cases cited26 opinions
- Chase National Bank v. United StatesSupreme Court of the United States · 1929
- Douglas v. WillcutsSupreme Court of the United States · 1935
- Wilson v. . HinmanNew York Court of Appeals · 1905
- Emerson v. EmersonCourt of Appeals of Maryland · 1913
- Muir v. MuirCourt of Appeals of Kentucky · 1906
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