Legal Opinion
Guggenheim v. Rasquin
Court of Appeals for the Second Circuit
Decided March 18, 1940No. 217PublishedCited by 6 opinions
1Opinion of the Court
PATTERSON, Circuit Judge.
The plaintiff in December 1934 took out nine life insurance policies on the single premium basis, that is to say, with the premium paid in advance in a lump sum. The policies were payable to her estate. At the time of taking them out, and as to some of the policies prior to formal issuance, the plaintiff assigned them to three children by. gift. The policies insured the plaintiff’s life for $1,000,000, and the cost to the plaintiff was $852,438.50, fully paid at the time of issuance. She made a return for gift tax, listing the policies at a value of $717,344.81, said…
2Cases cited12 opinions
- Estate of Sanford v. CommissionerSupreme Court of the United States · 1939
- New York Life Insurance v. StathamSupreme Court of the United States · 1876
- People v. Security Life Insurance & Annuity Co.New York Court of Appeals · 1879
- Toplitz v. . BauerNew York Court of Appeals · 1900
- Ebert v. Mutual Reserve Fund Life Ass'nSupreme Court of Minnesota · 1900
7 more not listed; retrieve them via the Exa API.
3Cited by6 opinions
- Guggenheim v. RasquinSupreme Court of the United States · 1941
- M. Louise Collins, Administratrix v. Commissioner of Internal RevenueCourt of Appeals for the First Circuit · 1954
- Commissioner of Internal Revenue v. PowersCourt of Appeals for the First Circuit · 1940
- Commissioner of Internal Revenue v. PowersCourt of Appeals for the First Circuit · 1940
- County Trust Co. v. FinckCity of New York Municipal Court · 1950
1 more not listed; retrieve them via the Exa API.