Legal Opinion
Trust Under the Will of Bingham v. Commissioner
Supreme Court of the United States
Decided June 4, 1945No. 932PublishedCited by 447 opinions
1Opinion of the CourtChief Justice Stone
Petitioners are the trustees of a testamentary trust created for a term of twenty-one years under the will of Mary Lily (Flagler) Bingham. The testatrix bequeathed to the trustees the residue of her estate, including a large number of securities. The trustees were empowered in their discretion to sell any of the property held in trust (except certain securities of two companies designated as the “principal properties”), to invest and reinvest the proceeds and the income from the trust fund, and to use the proceeds and the income for the benefit of the principal properties and for the…
2Cases cited21 opinions
- Commissioner v. HeiningerSupreme Court of the United States · 1943
- Dobson v. CommissionerSupreme Court of the United States · 1944
- Security Flour Mills Co. v. CommissionerSupreme Court of the United States · 1944
- Kornhauser v. United StatesSupreme Court of the United States · 1928
- Helvering v. R. J. Reynolds Tobacco Co.Supreme Court of the United States · 1939
16 more not listed; retrieve them via the Exa API.
3Cited by447 opinions
- Crane v. CommissionerSupreme Court of the United States · 1947
- United States v. GilmoreSupreme Court of the United States · 1963
- John Kelley Co. v. CommissionerSupreme Court of the United States · 1946
- Commissioner v. TellierSupreme Court of the United States · 1966
- Burton-Sutton Oil Co. v. CommissionerSupreme Court of the United States · 1946
442 more not listed; retrieve them via the Exa API.