Wright v. Commissioner
United States Board of Tax Appeals
1. Gifts by decedent to her daughters, the residuary legatees under her will made at about the same time, while decedent was suffering from the infirmity which resulted in her death, held, transfers in contemplation of death. 2. Value of McKesson & Robbins, Inc., stock held value established by stock exchange prices for similar shares on valuation dates, notwithstanding that such prices may have been due to concealments and misrepresentations subsequently discovered. 3. Fees…
Read the full summary
1. Gifts by decedent to her daughters, the residuary legatees under her will made at about the same time, while decedent was suffering from the infirmity which resulted in her death, held, transfers in contemplation of death. 2. Value of McKesson & Robbins, Inc., stock held value established by stock exchange prices for similar shares on valuation dates, notwithstanding that such prices may have been due to concealments and misrepresentations subsequently discovered. 3. Fees for attorneys and witnesses in present proceeding held deductible from gross estate.
1Opinion of the Court
ESTATE OF MILLIE LANGLEY WRIGHT, DECEASED, JEANNETTE WRIGHT TORNEY, ADMINISTRATRIX, WITH THE WILL ANNEXED, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Wright v. Commissioner
Docket No. 99579.
United States Board of Tax Appeals
43 B.T.A. 551; 1941 BTA LEXIS 1490;
February 11, 1941, Promulgated
1. Gifts by decedent to her daughters, the residuary legatees under her will made at about the same time, while decedent was suffering from the infirmity which resulted in her death, held, transfers in contemplation of death.
2. Value of McKesson & Robbins, Inc., stock held value established by…
2Cases cited7 opinions
- Ithaca Trust Co. v. United StatesSupreme Court of the United States · 1929
- McKitterick v. CommissionerUnited States Board of Tax Appeals · 1940
- Wright v. CommissionerUnited States Board of Tax Appeals · 1941
- Citizens National Trust & Savings Bank v. RileyCalifornia Court of Appeal · 1932
- Boyd v. WylySupreme Court of the United States · 1888
2 more not listed; retrieve them via the Exa API.