McKeon v. Commissioner
United States Tax Court
The decedent and his wife were separated but were not divorced. They entered into a separation agreement under which the decedent established a trust, known as Trust B, the income of which was to be used for the support of his wife and their two children.
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The decedent and his wife were separated but were not divorced. They entered into a separation agreement under which the decedent established a trust, known as Trust B, the income of which was to be used for the support of his wife and their two children. In the separation agreement, there was settlement of property interests; the wife relinquished all her interest in the decedent's estate and she accepted the provisions made under the trust as full satisfaction of her right to claim support from the decedent. Held: 1. The value of the corpus of Trust B is includible in decedent's estate…
1Opinion of the Court
Estate of Robert Manning McKeon, Deceased, Daniel Manning McKeon, et al., Executors, Petitioners, v. Commissioner of Internal Revenue, Respondent
McKeon v. Commissioner
Docket No. 44914
United States Tax Court
25 T.C. 697; 1956 U.S. Tax Ct. LEXIS 299;
January 13, 1956, Filed
Decision will be entered under Rule 50.
The decedent and his wife were separated but were not divorced. They entered into a separation agreement under which the decedent established a trust, known as Trust B, the income of which was to be used for the support of his wife and their two children. In the separation agreement, there…
2Cases cited4 opinions
- Fry v. CommissionerUnited States Tax Court · 1947
- Meyer's Estate v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1940
- Trust under the Last Will & Testament of McDonald v. CommissionerUnited States Tax Court · 1953
- McKeon v. CommissionerUnited States Tax Court · 1956