TAXATION - INCOME TAX - SETTLEMENT OF WILL CONTEST AS TAXABLE

Authors

Anthony L. Dividio, University of Michigan Law SchoolFollow

Abstract

Taxpayer commenced suit to contest the probate of his grandmother's will, by which she had made nominal bequests to her grandchildren, and had created a charitable trust with the large residue. The parties agreed upon a settlement, as a result of which taxpayer received $141,404.03, all of which the tax commissioner claimed was taxable income. Held, the amount received by taxpayer came to him because he was an heir and did not constitute taxable income. Lyeth v. Hoey, (U. S. 1938) 6 U. S. Law Week 421 (Dec. 6, 1938).

Recommended Citation

Anthony L. Dividio, TAXATION - INCOME TAX - SETTLEMENT OF WILL CONTEST AS TAXABLE, 37 Mich. L. Rev. (1939).
Available at: https://repository.law.umich.edu/mlr/vol37/iss3/26