Henry v. Commissioner
United States Tax Court
1. Stock dividends on Standard Oil securities, held by a testamentary trust, were retained by the trustees in the trust corpus notwithstanding the fact that some (or all) of them constituted distributable income.
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1. Stock dividends on Standard Oil securities, held by a testamentary trust, were retained by the trustees in the trust corpus notwithstanding the fact that some (or all) of them constituted distributable income. Years later, in 1915, following the death of decedent's mother, who was one of the income beneficiaries under the trust, decedent and her brother and sister, the other income beneficiaries under the trust, executed a deed of family settlement, formally transferring to the trustees their interest in the stock dividends and stock rights, retaining the income from such property during…
1Opinion of the Court
Estate of Sallie Houston Henry, Deceased, Charles J. Biddle and Gerald Ronon, Executors, Petitioners, v. Commissioner of Internal Revenue, Respondent
Henry v. Commissioner
Docket No. 109972
United States Tax Court
4 T.C. 423; 1944 U.S. Tax Ct. LEXIS 11;
December 7, 1944, Promulgated
Decision will be entered under Rule 50.
1. Stock dividends on Standard Oil securities, held by a testamentary trust, were retained by the trustees in the trust corpus notwithstanding the fact that some (or all) of them constituted distributable income. Years later, in 1915, following the death of decedent's mother, who…
2Cases cited30 opinions
- Helvering v. HallockSupreme Court of the United States · 1940
- Blair v. CommissionerSupreme Court of the United States · 1937
- Ithaca Trust Co. v. United StatesSupreme Court of the United States · 1929
- Freuler v. HelveringSupreme Court of the United States · 1934
- Hassett v. WelchSupreme Court of the United States · 1938
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