Estate of Bartlett v. Commissioner
United States Tax Court
B, who was the owner of certain life insurance policies and had an interest in a group term life insurance policy (which by its terms was unassignable), executed an irrevocable assignment of all his right, title, and interest in the policies to the NTC bank, as trustee, pursuant to an insurance trust agreement. He signed change of beneficiary forms, naming the bank as beneficiary of each policy.
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B, who was the owner of certain life insurance policies and had an interest in a group term life insurance policy (which by its terms was unassignable), executed an irrevocable assignment of all his right, title, and interest in the policies to the NTC bank, as trustee, pursuant to an insurance trust agreement. He signed change of beneficiary forms, naming the bank as beneficiary of each policy. The insurance companies accepted the beneficiary designations and upon B's death paid the proceeds to the trustee bank. Held, (1) that the proceeds of all the life insurance policies, except the group…
1Opinion of the Court
Estate of Sidney F. Bartlett, Miriam B. Butterfield, Executrix, Petitioner v. Commissioner of Internal Revenue, Respondent
Estate of Bartlett v. Commissioner
Docket No. 5909-67
United States Tax Court
54 T.C. 1590; 1970 U.S. Tax Ct. LEXIS 83;
August 6, 1970, Filed
Decision will be entered under Rule 50.
B, who was the owner of certain life insurance policies and had an interest in a group term life insurance policy (which by its terms was unassignable), executed an irrevocable assignment of all his right, title, and interest in the policies to the NTC bank, as trustee, pursuant to an insurance trust…
2Cases cited15 opinions
- Commissioner v. Estate of NoelSupreme Court of the United States · 1965
- Mutual Ben. Life Ins. v. SwettCourt of Appeals for the Sixth Circuit · 1915
- United States v. Rhode Island Hospital Trust CompanyCourt of Appeals for the First Circuit · 1966
- Gurnett v. Mutual Life InsuranceIllinois Supreme Court · 1934
- Immel v. Travelers Insurance Co.Illinois Supreme Court · 1940
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