- 2 -
The parties have by way of settlement or concession disposed of
all but one of the issues raised in the notice of deficiency.
The issue remaining for decision is whether petitioner is
entitled to deduct claims against decedent's estate made by David
and Daniel Griffith in the amounts that were ultimately paid to
the claimants. This case was submitted fully stipulated.
Background
Ethel M. Cumber Wilson (decedent) died a resident of
Richmond, Virginia, on October 3, 1992. Decedent was a widow and
was survived by her only child, Ethel C. Kelly (Mrs. Kelly).
Decedent's will dated July 20, 1989, was probated in the Circuit
Court of the City of Richmond. Under her will, decedent made
specific cash bequests to certain individuals totaling $240,000,
including a cash bequest of $100,000 to Daniel Griffith. She
gave the balance of her estate to Mrs. Kelly. Decedent's will
named Mrs. Kelly as executor and granted Mrs. Kelly the power to
designate a coexecutor. Dennis I. Belcher of Richmond, Virginia,
was named to serve as coexecutor.
During decedent's lifetime, David Griffith and Daniel
Griffith assisted her in various personal and financial matters.
David and Daniel were brothers. David assisted decedent from
1(...continued)
death, and all Rule references are to the Tax Court Rules of
Practice and Procedure.
Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 Next
Last modified: May 25, 2011