Cohen Testamentary Trust v. Commissioner

The decedent on February 25, 1931, conveyed certain personal property in trust with a limited power of revocation, reserving the income for life, and after his death the principal and income to be distributed "in accordance with the instructions given his testamentary trustee under the terms of his last Will and Testament." The decedent had previously executed his will on September 14, 1926, in which, after making certain specific bequests, he had left the residue of his estate in trust for the benefit of his wife for life, with remainders over. The decedent died August 11, 1931, and his will…