ESTATE OF McNAMARA v. COMMISSIONERS OF INTERNAL REVENUE
United States Tax Court
D died in Sept. 1976. Within 3 years of his death, D assigned a contributory group term life insurance policy on his life to W. On D's death, W received the proceeds of such policy. Held, such assignment was made in contemplation of death within the meaning of sec. 2035 I.R.C. 1954; therefore, the proceeds of such policy are includable in D's gross estate.
1Opinion of the Court
ESTATE OF EDGAR C. McNAMARA, Deceased, HELEN M. McNAMARA and AMERICAN FLETCHER NATIONAL BANK & TRUST COMPANY, Co-Executors, Petitioner v. COMMISSIONERS OF INTERNAL REVENUE, Respondent
ESTATE OF McNAMARA v. COMMISSIONERS OF INTERNAL REVENUE
Docket No. 10646-79.
United States Tax Court
T.C. Memo 1981-674; 1981 Tax Ct. Memo LEXIS 65; 42 T.C.M. (CCH) 1728;
November 24, 1981.
D died in Sept. 1976. Within 3 years of his death, D assigned a contributory group term life insurance policy on his life to W. On D's death, W received the proceeds of such policy. Held, such assignment was made in contemplation…
2Cases cited12 opinions
- United States v. WellsSupreme Court of the United States · 1931
- Igleheart v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1935
- Estate of Gerard v. CommissionersUnited States Tax Court · 1972
- Fay Lewis Berman, of the Estate of Joseph Emile Berman v. United StatesCourt of Appeals for the Fifth Circuit · 1973
- Estate of Honickman v. CommissionerUnited States Tax Court · 1972
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