property settlement
Defined in 1 dictionary — Case Law
Definitions from Case Law
From 315 U.S. 543 - Pearce v. Commissioner · 1942Most cited · 151 citing opinions
a property settlement made for the purpose of maintaining or supporting the wife may be treated for income tax purposes as mere security for the husband's continuing obligation dependent on such considerations as whether it contains, or is interrelated with, contractual obligations of the husband for her support; whether the court has a reserved power to alter or modify it; or whether the husband retains any substantial interest in the property conveyed