Bodell v. Commissioner
United States Tax Court
In 1939 petitioner, in fulfillment of desires of her deceased husband that their children be provided for, created three trusts for benefit of her children, two of whom were minors, naming herself and her deceased husband's brother as trustees. The trusts provided that the trustees should accumulate the income during each calendar year and on January 5th of the following year distribute not in excess of $4,000 to petitioner, if living.
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In 1939 petitioner, in fulfillment of desires of her deceased husband that their children be provided for, created three trusts for benefit of her children, two of whom were minors, naming herself and her deceased husband's brother as trustees. The trusts provided that the trustees should accumulate the income during each calendar year and on January 5th of the following year distribute not in excess of $4,000 to petitioner, if living. In the case of the beneficiary over 21 years of age, accumulated income not distributed to petitioner was to be distributed to him, if living, in monthly…
1Opinion of the Court
Albina Elise Bodell v. Commissioner.
Bodell v. Commissioner
Docket No. 109651.
United States Tax Court
1943 Tax Ct. Memo LEXIS 518; 1 T.C.M. (CCH) 395; T.C.M. (RIA) 43015;
January 9, 1943
In 1939 petitioner, in fulfillment of desires of her deceased husband that their children be provided for, created three trusts for benefit of her children, two of whom were minors, naming herself and her deceased husband's brother as trustees. The trusts provided that the trustees should accumulate the income during each calendar year and on January 5th of the following year distribute not in excess of $4,000 to…
2Cases cited5 opinions
- Helvering v. CliffordSupreme Court of the United States · 1940
- Helvering v. StuartSupreme Court of the United States · 1942
- Ayer v. CommissionerUnited States Board of Tax Appeals · 1941
- Eustis v. CommissionerUnited States Board of Tax Appeals · 1934
- Katz v. CommissionerUnited States Board of Tax Appeals · 1942