Warner v. Commissioner
United States Board of Tax Appeals
Where a testator bequeathed and devised the residue of his estate to his two sons and another as executors for the term of five years and directed them to pay all the income to the sons and at the end of the period to distribute and turn over the corpus to them, but providing that if either died during the period his share of the income should be paid to his heirs and the corpus at the end of the period should be distributed to the heirs of his body, and where it appears…
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Where a testator bequeathed and devised the residue of his estate to his two sons and another as executors for the term of five years and directed them to pay all the income to the sons and at the end of the period to distribute and turn over the corpus to them, but providing that if either died during the period his share of the income should be paid to his heirs and the corpus at the end of the period should be distributed to the heirs of his body, and where it appears that the postponement was not for any reason personal to the sons, held, that the interests of the sons were vested as of…
1Opinion of the Court
RANDOLPH S. WARNER, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Warner v. Commissioner
Docket No. 54109.
United States Board of Tax Appeals
28 B.T.A. 1178; 1933 BTA LEXIS 1047;
August 18, 1933, Promulgated
Where a testator bequeathed and devised the residue of his estate to his two sons and another as executors for the term of five years and directed them to pay all the income to the sons and at the end of the period to distribute and turn over the corpus to them, but providing that if either died during the period his share of the income should be paid to his heirs and the corpus…
2Cases cited1 opinion
- Warner v. CommissionerUnited States Board of Tax Appeals · 1933