Corbett v. Commissioner
United States Tax Court
1. The decedent created an inter vivos trust under which his then wife, the petitioner, was to receive trust income during his life, provided she remained his wife; and was to receive trust income for her lifetime, provided she was his wife at the time of his death. In the event she ceased to be his wife during his lifetime, he was to receive the trust income.
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1. The decedent created an inter vivos trust under which his then wife, the petitioner, was to receive trust income during his life, provided she remained his wife; and was to receive trust income for her lifetime, provided she was his wife at the time of his death. In the event she ceased to be his wife during his lifetime, he was to receive the trust income. Held, that the life estate of the petitioner in the trust was a contingent interest which was in suspense until the grantor's death and was, therefore, an interest which was intended to take effect in possession and enjoyment at or…
1Opinion of the Court
Estate of Merritt J. Corbett, Deceased, Alice F. Mitchell, Executrix, Petitioner, v. Commissioner of Internal Revenue, Respondent
Corbett v. Commissioner
Docket No. 11539
United States Tax Court
12 T.C. 163; 1949 U.S. Tax Ct. LEXIS 283;
February 9, 1949, Promulgated
Decision will be entered under Rule 50.
1. The decedent created an inter vivos trust under which his then wife, the petitioner, was to receive trust income during his life, provided she remained his wife; and was to receive trust income for her lifetime, provided she was his wife at the time of his death. In the event she ceased to be…
2Cases cited11 opinions
- Helvering v. HallockSupreme Court of the United States · 1940
- Reinecke v. Northern Trust Co.Supreme Court of the United States · 1929
- May v. HeinerSupreme Court of the United States · 1930
- Commissioner v. Estate of ChurchSupreme Court of the United States · 1949
- Klein v. United StatesSupreme Court of the United States · 1931
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