ESTATE OF GEBBIE v. COMMISSIONER

Docket No. 42220.

13 T.C.M. 136 (1954)

Estate of Marion B. Gebbie, Deceased, Geraldine G. Bellinger and J. Russell Rogerson, Executors v. Commissioner.

United States Tax Court.

Entered February 12, 1954.


Attorney(s) appearing for the Case

J. Russell Rogerson, Esq., 901 Hotel Jamestown Building, Jamestown, N. Y., for the petitioners. Ellyne E. Strickland, Esq., for the respondent.


Memorandum Findings of Fact and Opinion

Respondent determined a deficiency of $155,112.96 in the estate tax of decedent. The sole issue remaining for decision is whether there should be included in decedent's estate the value of the remainder interest under a trust created by decedent whereunder the life beneficiary was given the right to terminate the trust with the consent of the decedent donor.

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