U.S. Supreme Court
Lober v. United States, 346 U.S. 335 (1953)
Lober v. United States
Argued October 16, 1953
Decided November 9, 1953
346 U.S. 335
Decedent had transferred property to himself as trustee for his minor children, reserving discretionary power to invest and reinvest the principal and income, which were to be paid to the children when they attained certain ages. The trusts were declared irrevocable, but decedent reserved the right to pay over to the children at any time any or all of the trust assets.
Held: the value of the trust assets was includable in decedent's estate for estate tax purposes, under § 811(d)(2) of the Internal Revenue Code. Pp. 346 U. S. 335-337.
124 Ct.Cl. 44, 108 F.Supp. 731, affirmed.