Blair v. Commissioner

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• holding that in absence of a valid restraint on alienation, the interest of a trust beneficiary to income for life was present property which could be assigned to others
• holding that the validity of a trust assignment is a matter of local law and a State court's determination with regards to such assignment is not reviewable by this Court
• holding that State law determines the right of the beneficiary to trust income
• referring to the trustee's “title” to, and the beneficiary’s “beneficial interests” in, the corpus
• supervening change in tax law precluded res judicata effect of earlier decision
• “A military retirement pension, like other pensions, is simply a right to receive a future income stream from the retiree’s employer.”

Source: CourtListener parenthetical corpus (CC0).