McCaughn v. Carver

BUFFINGTON, Circuit Judge.

This ease concerns the taxation of a trust fund created by J. Henry Carver, who died November 30,1919. On December 18, 1906, he and his intended wife entered into a written ante-nuptial agreement in pursuance of which he then transferred and paid over to Charles Carver as trustee $40,000 in trust to pay the income thereof to himself for life, thereafter to pay the income to his intended wife during her life or until remarriage, and thereafter to pay the principal to his children, if any, and in default thereof to pay it to such uses and purposes as he might by his…