The Tax Court denied the estate a charitable deduction for property with historic significance held in trust because, while the decedent's trust granted the trustee power to dispose of the property based on the trust document, the decedent did not possess ...
Estate of Edna Pearce Lockett v. CIR
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Decedent’s Charitable Intent Required to Claim the Charitable Deduction
The Tax Court considered whether the estate could claim a charitable deduction for the donation of property with historic significance.