Robertson v. Commissioner
United States Tax Court
Petitioner created a trust under which the income was to be paid to his wife during her life with the power in the corporate trustee to pay her so much of the principal as it should deem necessary for her maintenance and support with due regard to her other sources of funds, with remainders to third parties. Petitioner's wife consented to have the remainder gifts considered as having been made one-half by her and one-half by her husband.
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Petitioner created a trust under which the income was to be paid to his wife during her life with the power in the corporate trustee to pay her so much of the principal as it should deem necessary for her maintenance and support with due regard to her other sources of funds, with remainders to third parties. Petitioner's wife consented to have the remainder gifts considered as having been made one-half by her and one-half by her husband. Petitioner's wife was over 60 years old. She and her husband had been happily married for over 30 years. Petitioner had net assets after the creation of the…
1Opinion of the Court
William H. Robertson, Petitioner, v. Commissioner of Internal Revenue, Respondent
Robertson v. Commissioner
Docket No. 52307
United States Tax Court
26 T.C. 246; 1956 U.S. Tax Ct. LEXIS 195;
May 11, 1956, Filed
Decision will be entered for petitioner.
Petitioner created a trust under which the income was to be paid to his wife during her life with the power in the corporate trustee to pay her so much of the principal as it should deem necessary for her maintenance and support with due regard to her other sources of funds, with remainders to third parties. Petitioner's wife consented to have the…
2Cases cited10 opinions
- Merchants Nat. Bank of Boston v. CommissionerSupreme Court of the United States · 1943
- Hartford-Connecticut Trust Co. v. EatonCourt of Appeals for the Second Circuit · 1929
- Jack v. CommissionerUnited States Tax Court · 1946
- Cutler v. CommissionerUnited States Tax Court · 1945
- Evans v. Commissioner of Internal RevenueCourt of Appeals for the Third Circuit · 1952
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