Estate of Alexander v. Commissioner
United States Tax Court
T created a trust in 1943, naming himself as trustee and his daughter, L, then 9 months of age, as the sole beneficiary. T retained the right as trustee to accumulate trust income as he might "desire." When L reached the age of 21, she was to receive distributions from the trust in $ 5,000 installments every 5 years until she reached the age of 66, when all remaining accumulated income and principal were to be paid to her.
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T created a trust in 1943, naming himself as trustee and his daughter, L, then 9 months of age, as the sole beneficiary. T retained the right as trustee to accumulate trust income as he might "desire." When L reached the age of 21, she was to receive distributions from the trust in $ 5,000 installments every 5 years until she reached the age of 66, when all remaining accumulated income and principal were to be paid to her. In the event of her prior death, the funds were to be paid over to her estate or as she might direct by will. T retained the right to designate successor trustees. In 1950…
1Opinion of the Court
Estate of John A. Alexander, Dartmouth National Bank of Hanover and Herbert Crawford, Coexecutors, Petitioner v. Commissioner of Internal Revenue, Respondent
Estate of Alexander v. Commissioner
Docket No. 3931-81
United States Tax Court
81 T.C. 757; 1983 U.S. Tax Ct. LEXIS 19; 81 T.C. No. 46;
October 19, 1983, Filed
Decision will be entered for the respondent.
T created a trust in 1943, naming himself as trustee and his daughter, L, then 9 months of age, as the sole beneficiary. T retained the right as trustee to accumulate trust income as he might "desire." When L reached the age of 21, she was to…
2Cases cited15 opinions
- Commissioner v. Estate of HolmesSupreme Court of the United States · 1946
- United States v. O'MALLEYSupreme Court of the United States · 1966
- Lober v. United StatesSupreme Court of the United States · 1953
- Industrial Trust Co. v. Commissioner of Internal Rev.Court of Appeals for the First Circuit · 1947
- Cuddihy v. CommissionerUnited States Tax Court · 1959
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