Gaffney

Taxes; estate tax; gross estate, inclusions in; annuities.— On December 19, 1972, the court issued the following order:

This case is before the court on stipulated facts having been submitted on oral argument of counsel and the briefs of the parties. Plaintiffs are executors'under the will of Raphael J. Gaffney, deceased at the age of 66. Under purported authority of the Internal Revenue Code of 1954 § 2039, and 26 C.F.R. •§ 20.2039-1, defendant added to the gross estate the commuted value of a contractual right of decedent’s widow to receive $20,000 per year for three years following his…