Varian v. Commissioner
United States Tax Court
Decedent and his wife created three trusts, naming themselves as trustees, one for the benefit of each of three minor children of decedent. The trustees were given the discretion to pay or apply for the benefit of each child such sums as were necessary for the child's support, maintenance, and education.
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Decedent and his wife created three trusts, naming themselves as trustees, one for the benefit of each of three minor children of decedent. The trustees were given the discretion to pay or apply for the benefit of each child such sums as were necessary for the child's support, maintenance, and education. In addition, the trustees were given discretion to pay principal and income, in whole or in part, to the child at any time prior to the child's attaining the age of 21 years. The trustees were directed to distribute the unexpended principal and income to the child when he attained 21 or to…
1Opinion of the Court
Estate of Russell Harrison Varian, Deceased, Dorothy Hill Varian, Executrix, Petitioner v. Commissioner of Internal Revenue, Respondent
Varian v. Commissioner
Docket No. 5330-63
United States Tax Court
47 T.C. 34; 1966 U.S. Tax Ct. LEXIS 31;
October 17, 1966, Filed
Decision will be entered under Rule 50.
Decedent and his wife created three trusts, naming themselves as trustees, one for the benefit of each of three minor children of decedent. The trustees were given the discretion to pay or apply for the benefit of each child such sums as were necessary for the child's support, maintenance, and…
Also in this document: Dissent.
2Cases cited33 opinions
- Blair v. CommissionerSupreme Court of the United States · 1937
- Ithaca Trust Co. v. United StatesSupreme Court of the United States · 1929
- Helvering v. StuartSupreme Court of the United States · 1942
- Commissioner v. SternSupreme Court of the United States · 1958
- Merchants Nat. Bank of Boston v. CommissionerSupreme Court of the United States · 1943
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