King v. Commissioner
United States Tax Court
In anticipation of divorce, petitioner and his then wife entered into an agreement, subsequently incorporated in a divorce decree, whereby, inter alia, petitioner obligated himself to convey to his wife a life estate in his undivided one-half interest in a ranch, with remainder to their children, and to satisfy an existing mortgage encumbrance thereon.
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In anticipation of divorce, petitioner and his then wife entered into an agreement, subsequently incorporated in a divorce decree, whereby, inter alia, petitioner obligated himself to convey to his wife a life estate in his undivided one-half interest in a ranch, with remainder to their children, and to satisfy an existing mortgage encumbrance thereon. Petitioner's then wife agreed to accept benefits flowing to her under the agreement in full satisfaction of her rights to alimony and support and fully released petitioner from any further obligations toward her, with exceptions not here…
1Opinion of the Court
E. Eugene King and Vera F. King, Petitioners, v. Commissioner of Internal Revenue, Respondent. E. Eugene King, Petitioner, v. Commissioner of Internal Revenue, Respondent
King v. Commissioner
Docket Nos. 64571, 65719
United States Tax Court
31 T.C. 108; 1958 U.S. Tax Ct. LEXIS 57;
October 22, 1958, Filed
Decisions will be entered under Rule 50.
In anticipation of divorce, petitioner and his then wife entered into an agreement, subsequently incorporated in a divorce decree, whereby, inter alia, petitioner obligated himself to convey to his wife a life estate in his undivided one-half interest in a…
2Cases cited13 opinions
- Helvering v. HorstSupreme Court of the United States · 1940
- Smith v. CommissionerUnited States Tax Court · 1953
- Hartley v. CommissionerUnited States Tax Court · 1954
- Feves v. FevesOregon Supreme Court · 1953
- Commissioner of Internal Revenue v. MestaCourt of Appeals for the Third Circuit · 1941
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