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Candler v. United States

United States Court of Appeals, Fifth Circuit
May 30, 1962
303 F.2d 439 (5th Cir. 1962)

Opinion

No. 19374.

May 30, 1962.

M.E. Kilpatrick, Harold E. Abrams, Atlanta, Ga., Smith, Kilpatrick, Cody, Rogers McClatchey, Atlanta, Ga., of counsel, for appellants.

Louis F. Oberdorfer, Asst. Atty. Gen., Dept. of Justice, Lee A. Jackson, Atty., Dept. of Justice, Robert N. Anderson, Atty., Dept. of Justice, John A. Bailey, Atty., Dept. of Justice, Myron C. Baum, Atty., Dept. of Justice, Washington, D.C., Charles L. Goodson, U.S. Atty., Slayton L. Clemmons, Asst. U.S. Atty., Atlanta, Ga., for appellee.

Before TUTTLE, Chief Judge, and RIVES and JONES, Circuit Judges.


Charles Howard Candler died possessed of a large estate which included United States Treasury Bonds of the par or face value of $400,000. The bonds were quoted on the date of his death at a value of $351,087.50. Such bonds were available for payment of Federal estate taxes at their par value and were so used. The appellants, as executors of the decedent, asserted in their suit for a tax refund that the bonds should be valued for estate tax purposes at the quoted market rather than at their par or face value. The district court resolved the issue for the Government. We agree with its decision. Bankers Trust Company v. United States, 2nd Cir. 1960, 284 F.2d 537. The judgment of the district court is

Affirmed.


Summaries of

Candler v. United States

United States Court of Appeals, Fifth Circuit
May 30, 1962
303 F.2d 439 (5th Cir. 1962)
Case details for

Candler v. United States

Case Details

Full title:Charles Howard CANDLER, Jr., and The Trust Company of Georgia, Appellants…

Court:United States Court of Appeals, Fifth Circuit

Date published: May 30, 1962

Citations

303 F.2d 439 (5th Cir. 1962)

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