Reed's Estate v. Commissioner

WOODROUGH, Circuit Judge.

The taxpayer’s petition here is to review a decision and order of the Tax Court entered on stipulated facts which upholds assessment of estate tax against the estate of Mary M. Reed, deceased, in respect to the corpus of a trust fund of the value of $344,900.18 which was derived from one-third of the estate of her husband Byron Reed, who- died at Omaha on June 6, 1891. His estate of real and personal property was valued at $1,810,385.97. He left surviving him his widow, Mary M. Reed, and their.two children, Abraham L. Reed and Maria Johnson, and by the terms of his…