Wier v. Commissioner
United States Tax Court
1. In 1935, decedent and his wife established two trusts, one for each of their minor daughters, with the corpus and accumulated income to be distributed to the beneficiaries on their twenty-first birthday. Decedent frequently made gifts to the trusts prior to his death in 1945, which occurred before either trust terminated.
Read the full summary
1. In 1935, decedent and his wife established two trusts, one for each of their minor daughters, with the corpus and accumulated income to be distributed to the beneficiaries on their twenty-first birthday. Decedent frequently made gifts to the trusts prior to his death in 1945, which occurred before either trust terminated. The trustees were to distribute when necessary to the beneficiary the income and corpus for "the education, maintenance and support" and "in the manner appropriate to her station in life." During his lifetime decedent as a cotrustee made no distributions to the…
1Opinion of the Court
Estate of Robert W. Wier, Deceased, Mary Norwood Wier and Tom P. Wier, Executors, Petitioners, v. Commissioner of Internal Revenue, Respondent
Wier v. Commissioner
Docket No. 27538
United States Tax Court
17 T.C. 409; 1951 U.S. Tax Ct. LEXIS 86;
September 25, 1951, Promulgated
Decision will be entered under Rule 50.
1. In 1935, decedent and his wife established two trusts, one for each of their minor daughters, with the corpus and accumulated income to be distributed to the beneficiaries on their twenty-first birthday. Decedent frequently made gifts to the trusts prior to his death in 1945, which…
2Cases cited13 opinions
- United States v. WellsSupreme Court of the United States · 1931
- Commissioner v. Estate of HolmesSupreme Court of the United States · 1946
- Industrial Trust Co. v. Commissioner of Internal Rev.Court of Appeals for the First Circuit · 1947
- Jennings v. SmithCourt of Appeals for the Second Circuit · 1947
- Estate of Budlong v. CommissionerUnited States Tax Court · 1946
8 more not listed; retrieve them via the Exa API.