Estate of Chown v. Commissioner
United States Tax Court
The decedent was the absolute and unrestricted owner of a life insurance policy at the time of her death. Decedent and the insured (her husband) died simultaneously. Held, the amount representing the policy which is properly includable in the decedent's gross estate under sec. 2033, I.R.C. 1954, is an amount equal to the proceeds that were payable under the terms of the policy.
1Opinion of the Court
Estate of Roger M. Chown, Deceased, Howard B. Somers, Executor, Petitioner v. Commissioner of Internal Revenue, Respondent; Estate of Harriet H. Chown, Deceased, Howard B. Somers, Executor, Petitioner v. Commissioner of Internal Revenue, Respondent
Estate of Chown v. Commissioner
Docket Nos. 3232-67, 3233-67
United States Tax Court
51 T.C. 140; 1968 U.S. Tax Ct. LEXIS 40;
October 23, 1968, Filed
Decision will be entered for the petitioner in docket No. 3232-67.
Decision will be entered under Rule 50 in docket No. 3233-67.
The decedent was the absolute and unrestricted owner of a life insurance policy…
Also in this document: Concurrence.
2Cases cited6 opinions
- Chase National Bank v. United StatesSupreme Court of the United States · 1929
- Commissioner v. Estate of NoelSupreme Court of the United States · 1965
- Goodman v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1946
- Estate of Chown v. CommissionerUnited States Tax Court · 1968
- Pritchard v. CommissionerUnited States Tax Court · 1944
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