Hall v. Commissioner

In 1929 and 1930 decedent turned over to his two children certain securities for the purpose of having the children create two trusts. In all particulars here material the trusts were identical. The income was to be paid to decedent for life, then to his wife for life, and upon the death of the survivor the corpus was to be paid to his children and to the descendants of any deceased child per stirpes, or if no children or descendants of a deceased child should be living, then it was to be distributed among the heirs at law of the decedent in accordance with the statute of descent of the State…