Estate of McCampbell v. Commissioner
United States Tax Court
Decedent's husband (H) predeceased her by about 1 year. H's estate consisted mainly of two ranch properties valued on his return at $ 1,680,087. H's will contained a marital deduction bequest which passed to decedent that amount of property qualifying for the marital deduction which, in conjunction with the 1983 unified credit ($ 275,000 exemption amount), resulted in no estate tax.
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Decedent's husband (H) predeceased her by about 1 year. H's estate consisted mainly of two ranch properties valued on his return at $ 1,680,087. H's will contained a marital deduction bequest which passed to decedent that amount of property qualifying for the marital deduction which, in conjunction with the 1983 unified credit ($ 275,000 exemption amount), resulted in no estate tax. The remainder of H's estate passed to decedent and the couple's two children pursuant to a residuary/bypass trust. The will did not specify which assets were to fund the marital bequest. However, certain will…
1Opinion of the Court
ESTATE OF BARBARA WARNER McCAMPBELL, DECEASED, AMERITRUST TEXAS N.A., SUCCESSOR IN INTEREST TO MTRUST CORP., N.A., SUCCESSOR IN INTEREST TO MBANK CORPUS CHRISTI, N.A., SUCCESSOR IN INTEREST TO CORPUS CHRISTI NATIONAL BANK, INDEPENDENT EXECUTOR, Petitioner v. COMMISSIONER OF INTERNAL REVENUE, Respondent
Estate of McCampbell v. Commissioner
Docket No. 34385-87
United States Tax Court
T.C. Memo 1991-141; 1991 Tax Ct. Memo LEXIS 160; 61 T.C.M. (CCH) 2263; T.C.M. (RIA) 91141;
March 27, 1991, Filed
Decision will be entered under Rule 155.
Decedent's husband (H) predeceased her by about 1 year. H's estate…
2Cases cited38 opinions
- Welch v. HelveringSupreme Court of the United States · 1933
- Hamling v. United StatesSupreme Court of the United States · 1974
- United States v. CartwrightSupreme Court of the United States · 1973
- Robert Robinson, Trustee in Bankruptcy of D. C. Sullivan & Co., Inc. v. Watts Detective Agency, Inc., Daniel Sullivan, Billy R. OtteCourt of Appeals for the First Circuit · 1982
- Estate of Hall v. CommissionerUnited States Tax Court · 1989
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