Estate of Chaddock v. Commissioner
United States Tax Court
Held: The issuance of stock, property of the community, to the decedent and her husband as joint tenants with the right of survivorship did not, under Texas community property law, prevent ownership of one-half of such stock from vesting in the petitioner (the heir at law) upon the death of decedent's husband.
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Held: The issuance of stock, property of the community, to the decedent and her husband as joint tenants with the right of survivorship did not, under Texas community property law, prevent ownership of one-half of such stock from vesting in the petitioner (the heir at law) upon the death of decedent's husband. Notwithstanding that such stock was registered in the name of the decedent, after the death of her husband, and that she received all dividends thereon until her death, one-half the value of such stock was at all times the property of petitioner and was not includable in the gross…
1Opinion of the Court
Estate of Gertrude M. Chaddock, Deceased, E. O. Chaddock, Jr., Executor, Petitioner v. Commissioner of Internal Revenue, Respondent
Estate of Chaddock v. Commissioner
Docket No. 2630-68
United States Tax Court
54 T.C. 1667; 1970 U.S. Tax Ct. LEXIS 70;
August 31, 1970, Filed
Decision will be entered under Rule 50.
Held: The issuance of stock, property of the community, to the decedent and her husband as joint tenants with the right of survivorship did not, under Texas community property law, prevent ownership of one-half of such stock from vesting in the petitioner (the heir at law) upon the death of…
2Cases cited15 opinions
- Morgan v. CommissionerSupreme Court of the United States · 1940
- Hilley v. HilleyTexas Supreme Court · 1961
- Pollard v. SteffensTexas Supreme Court · 1961
- White v. WhiteTexas Supreme Court · 1944
- Williams v. McKnightTexas Supreme Court · 1966
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