White v. Commissioner
United States Board of Tax Appeals
In 1924 and in 1925 the decedent and her husband, residents of the State of Texas, by two separate trust instruments, conveyed certain funds out of their community property, irrevocably, for the benefit of their daughter, who was to receive all of the trust income.
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In 1924 and in 1925 the decedent and her husband, residents of the State of Texas, by two separate trust instruments, conveyed certain funds out of their community property, irrevocably, for the benefit of their daughter, who was to receive all of the trust income. Each of the trust instruments provided that upon the death of either settlor the trust should terminate and, "this trust estate shall be brought into hotchpotch and said Rebecca S. Terry shall receive from the community estate property the value whereof added to the then value of the trust estate will equal one-half of an amount…
1Opinion of the Court
*595OPINION.
Smith:
Section 302 of the Revenue Act of 1926 provides in part that:
Srco. 302. The value of the gross estate of the decedent shall be determined by including the value at the time of his death of all property, real or personal, tangible or intangible, wherever situated—(a) To the extent of the interest therein of the decedent at the time of his death;
* * * * * * ⅛(c) To the extent of any interest therein of which the decedent has at any time made a transfer, by trust or otherwise, in contemplation of or intended to take effect in possession or enjoyment at or after his death, except in…
2Cases cited6 opinions
- Helvering v. St. Louis Union Trust Co.Supreme Court of the United States · 1935
- Becker v. St. Louis Union Trust Co.Supreme Court of the United States · 1935
- Oxsheer v. NaveTexas Supreme Court · 1897
- In re the Judicial Settlement of the Account of The Farmers' Loan & Trust Co.Appellate Division of the Supreme Court of the State of New York · 1918
- Ruiz v. CampbellCourt of Appeals of Texas · 1894
1 more not listed; retrieve them via the Exa API.
3Cited by2 opinions
- Helvering v. HallockSupreme Court of the United States · 1940
- White v. CommissionerUnited States Board of Tax Appeals · 1938