Estate of Jack F. Chrysler, Edith B. Carr, John W. Drye, Jr. And Manufacturers Hanover Trust Company, Executors v. Commissioner of Internal Revenue

MOORE, Circuit Judge:

Petitioner is the Estate of Jack F. Chrysler, Deceased. Decedent died on November 7, 1958, a resident of New York, survived by his wife Edith (now Edith B. Carr) and two children, Helen and Jack, Jr.

During his lifetime, decedent deposited funds belonging to him in a checking account designated “Account No. 1 — Jack F. Chrysler or Edith B. Chrysler as joint tenants with right of survivorship and not as tenants in common.” Decedent also transferred certain securities to his name and that of his wife, or to his name and that of his daughter Helen, as joint tenants with right…