Beggs v. Commissioner
United States Tax Court
In 1934 petitioner conveyed property in trust to his brother for the benefit of his minor children. In 1935, by separate instrument, petitioner conveyed other property to himself and his brother in trust for the benefit of his minor children. Petitioner consistently treated the instruments as creating one trust, although not specifically authorized in the trust instruments.
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In 1934 petitioner conveyed property in trust to his brother for the benefit of his minor children. In 1935, by separate instrument, petitioner conveyed other property to himself and his brother in trust for the benefit of his minor children. Petitioner consistently treated the instruments as creating one trust, although not specifically authorized in the trust instruments. Part of the income of the trust property was used for the support, education, and maintenance of petitioner's minor children; part was used to pay premiums on insurance taken out by petitioner on his own life, which…
1Opinion of the Court
George Beggs, Petitioner, v. Commissioner of Internal Revenue, Respondent. Francine Beggs, Petitioner, v. Commissioner of Internal Revenue, Respondent
Beggs v. Commissioner
Docket Nos. 1738, 1739
United States Tax Court
4 T.C. 1053; 1945 U.S. Tax Ct. LEXIS 197;
March 30, 1945, Promulgated
Decisions will be entered under Rule 50.
In 1934 petitioner conveyed property in trust to his brother for the benefit of his minor children. In 1935, by separate instrument, petitioner conveyed other property to himself and his brother in trust for the benefit of his minor children. Petitioner consistently treated…
2Cases cited2 opinions
- Helvering v. CliffordSupreme Court of the United States · 1940
- Beggs v. CommissionerUnited States Tax Court · 1945