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
OPINION.
Mellott, Judge-.
The first two issues involve essentially the same questions — the effect, for estate tax purposes, of the deed of family settlement of 1915, the deed of confirmation of 1922, the annual approvals, the Orphans’ Court proceedings, the 1935' income tax case, and especially the failure of the last grandchild (Eleanor Houston Smith) to sign the deed of family settlement prior to the effective date of the Joint Besolution of March 3,1931.
Of these questions the most important is the effect of the deed of family settlement (sometimes hereinafter referred to as the deed of…
2Cases cited29 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
24 more not listed; retrieve them via the Exa API.
3Cited by27 opinions
- Drybrough v. United StatesDistrict Court, W.D. Kentucky · 1962
- Nelson v. CommissionerUnited States Tax Court · 1966
- Commissioner of Internal Revenue v. Henry's EstateCourt of Appeals for the Third Circuit · 1947
- Estate of Johnson v. CommissionerUnited States Tax Court · 1981
- Pratt v. CommissionerUnited States Tax Court · 1945
22 more not listed; retrieve them via the Exa API.