Goldstein v. Commissioner
United States Tax Court
Irrevocable transfer in trust in 1943, to pay specified amounts periodically from income to named beneficiaries, and upon termination to distribute principal to named beneficiaries. Trustor reserved power in himself to change, substitute, or eliminate beneficiaries of principal (except he could not substitute himself as beneficiary), but not of income or accumulated income.
Read the full summary
Irrevocable transfer in trust in 1943, to pay specified amounts periodically from income to named beneficiaries, and upon termination to distribute principal to named beneficiaries. Trustor reserved power in himself to change, substitute, or eliminate beneficiaries of principal (except he could not substitute himself as beneficiary), but not of income or accumulated income. Trust instrument gave trustees power during term of trust to distribute principal and excess income to any of named beneficiaries in their uncontrolled discretion, and also reserved to trustor the right to designate…
1Opinion of the Court
Joseph Goldstein, Transferee, et al., 1 Petitioners, v. Commissioner of Internal Revenue, Respondent
Goldstein v. Commissioner
Docket Nos. 80834, 80835, 80836, 80837, 80843, 80844, 80845, 89376
United States Tax Court
37 T.C. 897; 1962 U.S. Tax Ct. LEXIS 196;
February 9, 1962, Filed
Decisions will be entered under Rule 50.
Irrevocable transfer in trust in 1943, to pay specified amounts periodically from income to named beneficiaries, and upon termination to distribute principal to named beneficiaries. Trustor reserved power in himself to change, substitute, or eliminate beneficiaries of principal…
2Cases cited31 opinions
- Estate of Sanford v. CommissionerSupreme Court of the United States · 1939
- Burnet v. GuggenheimSupreme Court of the United States · 1933
- Smith v. ShaughnessySupreme Court of the United States · 1943
- Robinette v. HelveringSupreme Court of the United States · 1943
- Rasquin v. HumphreysSupreme Court of the United States · 1939
26 more not listed; retrieve them via the Exa API.