Kimball v. Commissioner
United States Board of Tax Appeals
Where under a trust created in 1892 the settlor retained the right to dispose of the property by will in a manner contrary to that specified in the trust instrument, the trust is revocable and the value of the property is includable in the settlor's gross estate.
1Opinion of the Court
DAY KIMBALL, LAWRENCE KIMBALL AND HARTFORD-CONNECTICUT TRUST COMPANY, AS ADMINISTRATORS WITH THE WILL ANNEXED OF JEANIE L. KIMBALL, DECEASED, PETITIONERS, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Kimball v. Commissioner
Docket No. 49282.
United States Board of Tax Appeals
29 B.T.A. 60; 1933 BTA LEXIS 1004;
October 3, 1933, Pormulgated
Where under a trust created in 1892 the settlor retained the right to dispose of the property by will in a manner contrary to that specified in the trust instrument, the trust is revocable and the value of the property is includable in the settlor's gross…
2Cases cited1 opinion
- Kimball v. CommissionerUnited States Board of Tax Appeals · 1933