United States v. Jacobs

No. 391.

The question is whether the entire value or only one-half the value of real property — purchased by a decedent with his own funds and held at his death by. his wife and himself under a joint tenancy set up prior to 1916 — may be included in the decedent’s gross estate under the 1924 Revenue Act.

In 1909, real estate in Illinois was conveyed to W. Francis Jacobs, the decedent, and Elizabeth C. Jacobs, his wife, “as joint tenants” and this joint tenancy continued until decedent’s death; the wife never contributed any part of, or consideration for, the joint property; decedent died June…