Charles Howard Candler, Jr., and the Trust Company of Georgia v. United States

Fifth Circuit

Charles Howard Candler, Jr., and the Trust Company of Georgia v. United States

303 F.2d 439, 9 A.F.T.R.2d (RIA) 1965, 1962 U.S. App. LEXIS 4963

CourtCourt of Appeals for the Fifth Circuit

DecidedMay 30, 1962

Docket19374_1

StatusPublished

Cited by7 cases

This text of 303 F.2d 439 (Charles Howard Candler, Jr., and the Trust Company of Georgia v. United States) is published on Counsel Stack Legal Research, covering Court of Appeals for the Fifth Circuit primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

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Charles Howard Candler, Jr., and the Trust Company of Georgia v. United States, 303 F.2d 439, 9 A.F.T.R.2d (RIA) 1965, 1962 U.S. App. LEXIS 4963 (5th Cir. 1962).

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Opinion

PER CURIAM.

Charles Howard Candler died possessed of a large estate which included United States Treasury Bonds of the par or face value of $400,000. The bonds were quoted on the date of his death at a value of $351,087.50. Such bonds were available for payment of Federal estate taxes at their par value and were so used. The appellants, as executors of the decedent, asserted in their suit for a tax refund that the bonds should be valued for estate tax purposes at the quoted market rather .than at their par or face value. The district court resolved the issue for the Government. We agree with its decision. Bankers Trust Company v. United States, 2nd Cir. 1960, 284 F.2d 537. The judgment of the district court is

Affirmed.

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PER CURIAM.

Charles Howard Candler died possessed of a large estate which included United States Treasury Bonds of the par or face value of $400,000. The bonds were quoted on the date of his death at a value of $351,087.50. Such bonds were available for payment of Federal estate taxes at their par value and were so used. The appellants, as executors of the decedent, asserted in their suit for a tax refund that the bonds should be valued for estate tax purposes at the quoted market rather .than at their par or face value. The district court resolved the issue for the Government. We agree with its decision. Bankers Trust Company v. United States, 2nd Cir. 1960, 284 F.2d 537. The judgment of the district court is

Affirmed.

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303 F.2d 439, 9 A.F.T.R.2d (RIA) 1965, 1962 U.S. App. LEXIS 4963, Counsel Stack Legal Research, https://law.counselstack.com/opinion/charles-howard-candler-jr-and-the-trust-company-of-georgia-v-united-ca5-1962.

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