Having thus given his parent God speed, young Jerry seated himself on the stool, entered on his reversionary interest
in the straw his father had been chewing, and cogitated.
Among her pre-matrimonial transactions with Fledgeby's father, Fledgeby's mother had raised money of him at a great disadvantage on a certain reversionary interest
The BLM is preparing an environmental assessment as part of a Notice of Intent to amend the Miles City Field Office 2015 Approved Resource Management Plan in order to offer the reversionary interest
in the acreage by direct sale under the Federal Land Policy Management Act.
A person has made a gift of the contract if the person (1) purchases an annuity contract, the proceeds of which are payable to a beneficiary other than the person or the person's estate, (2) retains no reversionary interest
in the estate, and (3) has no power to re-vest the economic benefits in himself or herself or the estate, or to change the beneficiary.
The issue facing the Supreme Court in Brandt III was whether the 1875 Act granted the railroads a limited fee (19) with an implied reversionary interest
to the United States or a common law easement.
A more than 5 percent reversionary interest
in the proceeds is an incident of ownership.
In Smith, which involved a simple reversionary interest
, the Court held that the taxpayer could reduce the gift's value by the reversionary interest
because it involved only one factor and was capable of being ascertained by recognized actuarial methods.
The reversionary interest
retained by STRS is exempt from taxation and must be excluded in determining the value of the possessory interest.
greater than 5 percent, power of revocation or power to direct the distribution of trust income or corpus), trust income will be taxable to the grantor under the grantor trust rules.
The court first determined that the decedent had possessed a reversionary interest
in the life insurance policy and therefore the policy proceeds were fully includable in his gross estate.
A ground lease must be capable of being financed without encumbering the landlord's fee simple estate in the land and reversionary interest
in the improvements.
Ordinarily, a discretionary trust (ie, one under which you have no rights to income or capital, and any benefit is at the total discretion of the trustees) would not be considered as a matrimonial asset for the purposes of divorce proceedings, whereas a reversionary interest
(eg, an arrangement under which you receive a capital interest when your mother dies) would be more likely to be taken into account.