HUGHES v. COMMISSIONER OF INTERNAL REVENUE

HANEY, Circuit Judge.

This proceeding involves the taxability and extent thereof, of a gift by way of trust.

The taxpayer was, at the time of the creation of the trusts herein mentioned, a resident of California, and was 43 years old. The various parties interested in the trusts, with their ages at the time of creation of the trusts were as follows:

  PARTY                AGE

  Mother                73
  Father                71
  Taxpayer...

                    
                    
                    

                        

                            

                                

                            
                            

                                

                                    

                                        

                                        

                                        

                                    
                                
                                

                                    
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