Legal Opinion
Bankers Trust Company v. United States
District Court, S.D. New York
Decided December 29, 1960PublishedCited by 6 opinions
1Opinion of the Court
PALMIERI, District Judge.
In this action brought by the executors of the estate of Charles Newman, a refund of a portion of the estate tax heretofore paid is sought upon the ground that the Commissioner erroneously disallowed a claimed deduction for the present value of a trust remainder to charity. Both sides have moved for summary judgment.
The Undisputed Historic Facts
Charles Newman died on October 26, 1950. During his lifetime he established a trust providing that, upon his death, the income thereof was to be paid to Anne Marie Hughes and, upon her death, the principal thereof was to be…
2Cases cited12 opinions
- Henslee v. Union Planters National Bank & Trust Co.Supreme Court of the United States · 1949
- Merchants Nat. Bank of Boston v. CommissionerSupreme Court of the United States · 1943
- Commissioner v. Estate of SternbergerSupreme Court of the United States · 1955
- United States v. Provident Trust Co.Supreme Court of the United States · 1934
- In re the Construction of the Will of UpjohnNew York Court of Appeals · 1952
7 more not listed; retrieve them via the Exa API.
3Cited by6 opinions
- Estate of Sol Schildkraut, Deceased, Eugene Schildkraut and Lester Schildkraut, Executors v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1966
- Hamilton National Bank of Chattanooga v. United StatesDistrict Court, E.D. Tennessee · 1965
- Seder v. CommissionerUnited States Tax Court · 1973
- Bankers Trust Co. v. United StatesCourt of Appeals for the Second Circuit · 1962
- Bankers Trust Company and Leonard M. Wallstein, as Executors of the Will of Charles Newman, Deceased v. United StatesCourt of Appeals for the Second Circuit · 1962
1 more not listed; retrieve them via the Exa API.