Opinion
No. 267.
April 6, 1936.
Appeal from an Order of the Board of Tax Appeals.
Clarence P. Moser, of Rochester, N.Y., for appellants.
Morton K. Rothschild and Sewall Key, both of Washington, D.C., for appellee.
Before L. HAND, SWAN, and AUGUSTUS N. HAND, Circuit Judges.
Order affirmed on the ground that the settlor could have directed the income to be used to pay premiums upon insurance on his life for the benefit of the beneficiaries named in the trust.