First Nat'l Bank v. Commissioner
United States Tax Court
Petitioner's decedent died leaving a will which, after providing for the payment of certain legacies and all his debts, devised and bequeathed all the residue of his estate to a trustee, who was to distribute the income therefrom to decedent's wife, his brother, and his sister, as life beneficiaries. A bank was named in the will as executor and trustee.
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Petitioner's decedent died leaving a will which, after providing for the payment of certain legacies and all his debts, devised and bequeathed all the residue of his estate to a trustee, who was to distribute the income therefrom to decedent's wife, his brother, and his sister, as life beneficiaries. A bank was named in the will as executor and trustee. About a month after the qualification of the executor the widow dissented from the will and acquired the statutory dower right in one-third part of the real estate of the decedent and the right to one-third of his personal estate. Upon and…
1Opinion of the Court
The First National Bank of Memphis, Tennessee, Executor and Trustee u/w of Hugh Smith, Deceased, Petitioner, v. Commissioner of Internal Revenue, Respondent
First Nat'l Bank v. Commissioner
Docket No. 8424
United States Tax Court
7 T.C. 1428; 1946 U.S. Tax Ct. LEXIS 2;
December 31, 1946, Promulgated
Decision will be entered for the respondent.
Petitioner's decedent died leaving a will which, after providing for the payment of certain legacies and all his debts, devised and bequeathed all the residue of his estate to a trustee, who was to distribute the income therefrom to decedent's wife, his…
2Cases cited7 opinions
- Chick v. CommissionerUnited States Tax Court · 1946
- Latta v. BrownTennessee Supreme Court · 1896
- Bruner v. CommissionerUnited States Tax Court · 1944
- North v. PuckettTennessee Supreme Court · 1932
- American Nat. Bank of Nashville v. EmbryTennessee Supreme Court · 1944
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