Bronson v. Commissioner
United States Board of Tax Appeals
The decedent during his lifetime and on or about August 9, 1917, transferred practically all of his property, consisting principally of stocks and other securities, to a New York bank as trustee, such trust instrument providing for the distribution of the corpus of the trust after his death by three individuals. Decedent died on May 24, 1923, and left a will in which was incorporated the provisions of the trust instrument theretofore executed.
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The decedent during his lifetime and on or about August 9, 1917, transferred practically all of his property, consisting principally of stocks and other securities, to a New York bank as trustee, such trust instrument providing for the distribution of the corpus of the trust after his death by three individuals. Decedent died on May 24, 1923, and left a will in which was incorporated the provisions of the trust instrument theretofore executed. In the will decedent appointed the three individuals as executors and trustees of his estate. The will was not probated but the estate was administered…
1Opinion of the Court
*129OPINION.
Littleton :
There is no controversy as to the facts in this proceeding nor is there any dispute concerning the reasonableness of the fees paid for the services performed.
The value of the decedent’s gross estate transferred at death by specific devise and bequests, and in trusts, was $2,899,093.09. Davis, Bronson, and Prince took possession of this estate upon the death of Nelson under the appointment in the will. They, as well as the *130attorneys employed by them, did a great deal of work in marshaling this estate, valuing assets, determining and paying debts, claims, taxes, etc., in the…
2Cited by9 opinions
- Porter v. CommissionerUnited States Tax Court · 1967
- Baldwin v. CommissionerUnited States Tax Court · 1959
- Bronson v. CommissionerUnited States Board of Tax Appeals · 1927
- Degener v. CommissionerUnited States Board of Tax Appeals · 1932
- Highland v. CommissionerUnited States Board of Tax Appeals · 1941
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