Commissioner of Internal Revenue v. C. Dudley Wilson's Estate, Deceased, the Trenton Banking Company
U.S. Court of Appeals for the Third Circuit
Commissioner of Internal Revenue v. C. Dudley Wilson's Estate, Deceased, the Trenton Banking Company, 187 F.2d 145 (3d Cir. 1951)
Commissioner of Internal Revenue v. C. Dudley Wilson's Estate, Deceased, the Trenton Banking Company
Opinion
The sole question presented by this case is whether two trusts created by the decedent in 1937 for the benefit of his children were subject to estate tax upon his death in 1945 because he retained the power to terminate the trusts. For the reasons stated in the opinion filed by Judge Mur-dock for the Tax Court in banc, 13 T.C. 869, we are satisfied that the trusts were not subject to the decedent’s power to terminate them. The Tax Court, therefore, rightly held that they were not subject to the estate tax.
The decision of the Tax Court will be affirmed.
Reference
- Full Case Name
- COMMISSIONER OF INTERNAL REVENUE, Petitioner, v. C. Dudley WILSON’S ESTATE, Deceased, the Trenton Banking Company, Executor, Respondent
- Cited By
- 3 cases
- Status
- Published