power to terminate
Definitions from Case Law · United States Supreme Court
Definitions from Case Law
From 326 U.S. 480 - Commissioner of Internal Revenue v. Holmes' Estate · 1946Most cited · 296 citing opinions
in substance a power to terminate is the equivalent of a power to revoke
How often courts cite the cases defining “power to terminate”
Court decisions citing the 2 opinions that defined “power to terminate” — 509 in all, by decade. Counts are citations to the defining cases 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.
All 2 definitions, chronological · 1946–1953
Power to terminate was the equivalent of power to 'alter, amend, or revoke' [within the meaning of § 811(d)(2) of the Internal Revenue Code, which required inclusion in a decedent's gross estate of transferred trust property where the enjoyment thereof was subject at the date of death to any change through the exercise of such a power].
estate tax