Estate of Saia v. Commissioner
United States Tax Court
Petitioner husband was the owner-beneficiary of two life insurance policies on the life of his wife. The premiums of the policies were paid from community property funds. Held, (1) the insurance policies in question were the separate property of the husband and not community property; and (2) upon the death of the insured wife, no portion of the insurance proceeds was includable in her estate. Catalano v. United States, 429 F. 2d 1058 (C.A. 5, 1969), followed.
1Opinion of the Court
OPINION
B:ruce, Judge:
Respondent determined a deficiency in the estate tax of the Estate of Viola F. Saia in the amount of $10,217.43, and asserted transferee liability for the amount against the petitioner Seredo J. Saia as transferee and beneficiary of the assets of Viola’s estate. Seredo filed separate petitions with this Court contesting respondent’s determinations — one as executor of Viola’s estate, and one in his individual capacity as transferee and beneficiary of the assets of Viola’s estate. Seredo resided at 2938 S. Palm Drive, Slidell, La., at the time the petitions herein were…
2Cases cited15 opinions
- Jack E. Golsen and Sylvia H. Golsen v. Commissioner of Internal RevenueCourt of Appeals for the Tenth Circuit · 1971
- Estate of Sanford v. CommissionerSupreme Court of the United States · 1939
- Sizeler v. SizelerSupreme Court of Louisiana · 1930
- Ernst Kern Co. v. CommissionerUnited States Tax Court · 1942
- Johnson v. JohnsonSupreme Court of Louisiana · 1948
10 more not listed; retrieve them via the Exa API.
3Cited by15 opinions
- Union Carbide Corp. v. United StatesUnited States Court of Claims · 1979
- Bergman v. CommissionerUnited States Tax Court · 1976
- Caterpillar Tractor Co. v. CommissionerUnited States Tax Court · 1979
- Estate of Marks v. CommissionerUnited States Tax Court · 1990
- Wilcox Mfg. Co. v. CommissionerUnited States Tax Court · 1979
10 more not listed; retrieve them via the Exa API.