E. Norman Peterson Marital Trust, Chemical Bank, Trustee v. Commissioner of Internal Revenue

How courts have described this case

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

• stating “For tax purposes, a general power of appointment has for many, many years been viewed as essentially identical to outright ownership of the property”
• stating “For tax purposes, a general power of appointment has for many, many years been viewed as essentially identical to outright ownership of the property”
• “Until the passage of final regulations, temporary regulations are entitled to the same weight we accord to final regulations.”
• “There is, therefore, no question that if the regulation is valid, the lapse of Mrs. Peterson’s power of appointment is to be treated as an addition to the trust made after September 25, 1985, and the GST [tax] will apply to the transfer of that trust to Mr: Peterson’s grandchildren.”

Source: CourtListener parenthetical corpus (CC0).