Semmes v. Commissioner
United States Tax Court
Held, the bequest of stock in trust to the wife as trustee with the wife to receive the income for life with power to encroach upon the corpus "for her own benefit, at any time she sees fit," did not qualify as a marital deduction.
1Opinion of the Court
Estate of Thomas J. Semmes, Deceased, Elaine P. Semmes, Executrix, Petitioner, v. Commissioner of Internal Revenue, Respondent
Semmes v. Commissioner
Docket No. 72980
United States Tax Court
32 T.C. 1218; 1959 U.S. Tax Ct. LEXIS 86;
September 22, 1959, Filed
Decision will be entered under Rule 50.
Held, the bequest of stock in trust to the wife as trustee with the wife to receive the income for life with power to encroach upon the corpus "for her own benefit, at any time she sees fit," did not qualify as a marital deduction.
Lauch M. Magruder, Jr., Esq., for the petitioner.
George L. Hudspeth, Esq.,…
2Cases cited11 opinions
- May v. CommissionerUnited States Tax Court · 1959
- Comer v. CommissionerUnited States Tax Court · 1959
- Noble v. CommissionerUnited States Tax Court · 1959
- Waller v. SprolesTennessee Supreme Court · 1929
- Black v. PettigrewCourt of Appeals of Tennessee · 1953
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