WANT v. C. I. R.

No. 279, Docket 26003.

280 F.2d 777 (1960)

Estelle WANT, Trustee and Transferee, Petitioner, v. COMMISSIONER OF INTERNAL REVENUE, Respondent.

United States Court of Appeals Second Circuit.

Decided June 13, 1960.


Attorney(s) appearing for the Case

George D. Webster, Washington, D. C., Davies, Richberg, Tydings, Landa & Duff, Washington, D. C., of counsel, for petitioner.

Morton K. Rothschild, Atty., Dept. of Justice, Charles K. Rice, Asst. Atty. Gen., Lee A. Jackson and Robert N. Anderson, Attys., Dept. of Justice, Washington, D. C., for respondent.

Before SWAN, CLARK and FRIENDLY, Circuit Judges.


FRIENDLY, Circuit Judge.

Petitioner, Estelle Want, is the sister of Jacob A. Want, who was the founder of a corporation engaged in the printing business and its president until his death in February 1947. In January, 1945, Jacob Want established a trust for his only child, Jacqueline. He named petitioner and a brother, Samuel, as co-trustees. Jacob transferred to the trust $82,000 in cash in 1945 and 397 of the 400 outstanding...

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