Estate of Zeman v. Commissioner
United States Tax Court
The decedent, survived by his wife and daughter, bequeathed his residuary estate, which had a value in excess of $100,000, to a trustee. His will provided that the entire income of the trust should be distributed to his wife at least quarterly for so long as she lived.
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The decedent, survived by his wife and daughter, bequeathed his residuary estate, which had a value in excess of $100,000, to a trustee. His will provided that the entire income of the trust should be distributed to his wife at least quarterly for so long as she lived. The wife was given the unlimited right to invade the trust corpus to the extent of $15,000. At her death the trust terminated and the entire trust estate was distributable to certain beneficiaries other than the wife or her estate. Decedent died owning certain policies of insurance on his life. Under the terms of the policies…
1Opinion of the Court
Estate of John C. Zeman, The City Bank and Trust Company, Special Administrator v. Commissioner. The City Bank and Trust Company, Transferee v. Commissioner. Estate of John C. Zeman, The City Bank and Trust Company, Former Executor v. Commissioner of Internal Revenue, Respondent.
Estate of Zeman v. Commissioner
Docket Nos. 59641, 60539, 60770.
United States Tax Court
T.C. Memo 1958-68; 1958 Tax Ct. Memo LEXIS 162; 17 T.C.M. (CCH) 336; T.C.M. (RIA) 58068;
April 22, 1958
The decedent, survived by his wife and daughter, bequeathed his residuary estate, which had a value in excess of $100,000, to a…
2Cases cited7 opinions
- New Colonial Ice Co. v. HelveringSupreme Court of the United States · 1934
- Deputy, Administratrix v. Du PontSupreme Court of the United States · 1940
- Pipe v. CommissionerUnited States Tax Court · 1954
- Shedd v. CommissionerUnited States Tax Court · 1954
- Estate of Melamid v. CommissionerUnited States Tax Court · 1954
2 more not listed; retrieve them via the Exa API.