Estate of Leach v. Commissioner
United States Tax Court
Prior to her death, decedent transferred common stock to three charitable remainder annuity trusts. Pursuant to the trust agreements, these trusts were to pay annuities to decedent for life and then to her husband, if he survived her. Upon the death of the last to die, remaining trust assets were to be distributed to charitable remaindermen designated in decedent's will.
Read the full summary
Prior to her death, decedent transferred common stock to three charitable remainder annuity trusts. Pursuant to the trust agreements, these trusts were to pay annuities to decedent for life and then to her husband, if he survived her. Upon the death of the last to die, remaining trust assets were to be distributed to charitable remaindermen designated in decedent's will. Decedent's will provided that an amount equal to 50 percent of her adjusted gross estate would be left to a marital trust, it being her stated desire to obtain the maximum marital deduction allowable. The will provided that…
1Opinion of the Court
Estate of Anne B. Leach, Deceased, George Howe Bailey, Jr., Administrator ad Litem, Petitioner v. Commissioner of Internal Revenue, Respondent
Estate of Leach v. Commissioner
Docket Nos. 2243-81, 2244-81
United States Tax Court
82 T.C. 952; 1984 U.S. Tax Ct. LEXIS 57; 82 T.C. No. 72;
June 14, 1984, Filed
Decisions will be entered under Rule 155.
Prior to her death, decedent transferred common stock to three charitable remainder annuity trusts. Pursuant to the trust agreements, these trusts were to pay annuities to decedent for life and then to her husband, if he survived her. Upon the death of the…
2Cases cited24 opinions
- Riggs v. Del DragoSupreme Court of the United States · 1942
- Ingram v. United StatesSupreme Court of the United States · 1959
- Hagerty v. HagertySupreme Court of Florida · 1951
- Lederer v. Fidelity Trust Co.Supreme Court of the United States · 1925
- Wells v. MennSupreme Court of Florida · 1946
19 more not listed; retrieve them via the Exa API.