ESTATE OF ROTHSCHILD v. COMMISSIONER

Docket No. 1058.

3 T.C.M. 143 (1944)

Estate of Elsie D. Rothschild, Deceased, Maurice A. Frankenthal and Mercantile-Commerce Bank and Trust Co., Executors v. Commissioner.

United States Tax Court.

Entered February 16, 1944.


Attorney(s) appearing for the Case

Stanley S. Waite, Esq., 408 Pine St., St. Louis, Mo., for the petitioners. J. E. Marshall, Esq., for the respondent.


Memorandum Findings of Fact and Opinion

The respondent has determined a deficiency in estate taxes against the estate of the decedent in the sum of $6,352.32, practically all of which deficiency results from the inclusion by respondent in the gross estate of decedent of the value at the date of her death of property transferred by her to an irrevocable trust which she created in 1928, by the terms of which she was to be paid the trust income for life and after her...

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