presently ascertainable value
Definitions from Case Law · United States Supreme Court
Definitions from Case Law
From 320 U.S. 256 - Merchants Nat Bank of Boston v. Commissioner of Internal Revenue · 1943Most cited · 570 citing opinions
charitable bequest
Only where the conditions on which the extent of invasion of the corpus depends are fixed by reference to some readily ascertainable and reliably predictable facts do the amount which will be diverted from the charity and the present value of the bequest become adequately measurable.
How often courts cite the case defining “presently ascertainable value”
Court decisions citing the opinion that defined “presently ascertainable value” — 567 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.