1. Home
  2. Browse Decisions
  3. F.2d
  4. 122 F.2d
  5. 122 F.2d 714 (1941)
 

COMMISSIONER OF INTERNAL REVENUE v. TAYLOR

No. 7494.

122 F.2d 714 (1941)

COMMISSIONER OF INTERNAL REVENUE v. TAYLOR.

Circuit Court of Appeals, Third Circuit.

August 22, 1941.

Attorney(s) appearing for the Case

Michael H. Cardozo, IV, Sp.Asst. to Atty. Gen. (Samuel O. Clark, Jr., Asst. Atty. Gen., and Sewall Key, Sp. Ass't. to Atty. Gen., on the brief), for petitioner.

C. Brewster Rhoads, of Philadelphia, Pa. (John F. Headly, of Philadelphia, Pa., on the brief), for respondent.

Before BIGGS, MARIS and CLARK, Circuit Judges.

CLARK, Circuit Judge.

The respondent taxpayer seeks to avoid the impact of a very recent decision of the United States Supreme Court.1 In 1934 he created a trust for the benefit of his four nephews and nieces. By its terms it provides life estates in choses in action in the named children with powers of appointment and remainders over. The provisions relevant to the principal case read:

"(a) Trustees shall divide the principal...

Let's get started

Leagle.com

Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.

  • Updated daily.
  • Uncompromising quality.
  • Complete, Accurate, Current.

Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases