economic control
Definitions from Case Law · United States Supreme Court
Definitions from Case Law
From 318 U.S. 176 - Smith v. Shaughnessy · 1943Most cited · 363 citing opinions
gift tax
where the grantor has neither the form nor substance of control and never will have unless he outlives his wife, we must conclude that he has lost all 'economic control' and that the gift is complete except for the value of his reversionary interest.
How often courts cite the case defining “economic control”
Court decisions citing the opinion that defined “economic control” — 357 in all, by decade. Counts are citations to the defining case as a whole, not verified uses of the term. The dip in the most recent years is a data-coverage gap, not a real trend — our corpus holds fewer opinions from the latest years.