Tax Court analyzes whether trustee's power to make distributions for her own welfare created general power of appointment — In Estate of Ann R. Chancellor v. Commissioner, T.C. Memo. 2011-172 (July 14, 2011), the Tax Court interpreted the terms of a testamentary trust to determine whether the surviving spouse, as a trustee, held a general power of appointment due to the trustees' powers to make distributions to her and other beneficiaries for their welfare. The will of Lester M. Chancellor ...

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