Case ID: us-ct-cl_57/html/0594-01.html
Source: Caselaw Access Project
Author: {"author": "Mr. Justice Brandéis", "license": "Public Domain", "url": "https://static.case.law/"}
Date Created: 2024-08-24T03:29:51.129683

OTTO H. KAHN ET AL., EXECUTORS OF ABRAHAM WOLFF, DECEASED, v. THE UNITED STATES.
    [55 C. Cls. 271; 257 U. S. 244.]
    Judgment was rendered in favor of the United States in the court below. On appeal the judgment was affirmed, and the Supreme Court decided:
    Legacies of life interests in trust funds held vested in possession or enjoyment prior to July 1, 1902, within the meaning of the refunding act of June 27, 1902, and taxable under sec. 29 of the war revenue act of 1898, where, on or before July 1, 1902, the amounts of the legacies were ascertainable, all claims against the estate, save some for other taxes of relatively small amount, had been settled or barred, and the trustees were entitled to immediate possession of the funds from the executors and the beneficiaries to the beneficial enjoyment of the income.
   Mr. Justice Brandéis

delivered the opinion of the Supreme Court December 5,1921.