Legal Opinion
Davis v. Clarke
California Court of Appeal
Decided March 12, 1991No. E007620Published
1Opinion of the Court
Opinion
DABNEY, Acting P. J.
Facts and Procedural History
Robert Daniels died on March 25, 1982. The second amendment to the Robert and Isabelle Daniels Living Trust of 1982 established a qualified terminable interest property (QTIP) trust which gave Isabelle, as surviving spouse, the income for life and a limited power of appointment over the remainder.
Isabelle died on April 6, 1984. She had received $242,245.63 income from the trust.
On May 9, 1989, the inheritance tax referee filed a report which valued the QTIP trust as follows: Income—$242,246; limited power qualified terminable…
2Cases cited6 opinions
- DeYoung v. City of San DiegoCalifornia Court of Appeal · 1983
- Leslie Salt Co. v. San Francisco Bay Conservation & Development CommissionCalifornia Court of Appeal · 1984
- Vaughn v. VaughnCalifornia Court of Appeal · 1944
- Estate of GibsonCalifornia Court of Appeal · 1983
- Estate of KnappCalifornia Supreme Court · 1951
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