Contingent Interest

64 Florida cases classified under this topic · sorted by citation count · see the citation graph · browse and sort

• In re the Est. of Marie T. Hardee v. Draheim
  365 So. 2d 415· Fla. 4th DCA· 1978-12-06
  This estate dispute involves whether beneficiaries forfeited their right to 60% of Marie T. Hardee's estate by breaching a Recapture Agreement that required them to refrain from attacking trusts created for Marie's benefit. The court reversed the trial court's finding of breach,
• United States v. United Banks OF Denver
  542 F.2d 819· 10th Cir.· 1976-10-06
  The court held that the taxpayer's interest in the trust, determined to be vested subject to defeasance under Colorado law, may constitute 'property' or 'rights to property' for federal tax lien purposes, requiring further proceedings.
• In re Hayes v. Hayes
  407 F.2d 1031· 6th Cir.· 1969-03-06
  The court held that the bankrupt's inchoate interest in United States Savings Bonds, contingent on future events and revocable by the co-owner, was valueless at the time of bankruptcy filing and thus not reachable by the trustee.
• Isen v. Giant Food, Inc.
  295 F.2d 136· D.C. Cir.· 1961-06-29
  The court held that the agreement to lease did not violate the rule against perpetuities because the equitable interest vested upon execution of the agreement, not upon commencement of the lease term.
• Est. of John C. Polster v. Commissioner OF Internal Revenue
  274 F.2d 358· 4th Cir.· 1960-01-18
  A bequest to a religious organization for specific purposes is not considered "conditional" for federal tax deduction purposes if Maryland law would not recognize a forfeiture or reverter absent express language voiding the gift upon diversion.
• Morgan v. E. J. Evans Co.
  266 F.2d 423· 5th Cir.· 1959-04-20
  The court held that the insured's interest in the endowment policy was not assigned or transferred to the company by the settlement agreement or by possession of the policy.
• In re Sheaf's Will
  3 Fla. Supp. 73· Palm Beach Cty. J. Ct.· 1952-06-13
  In re Sheaf's Will addresses the construction of reciprocal wills executed by a married couple where one spouse predeceased the other. The court held that the surviving spouse's will contained a valid power of appointment over half of the joint estate, despite the predeceasing sp
• McCLARY v. McCLARY
  134 F.2d 455· 10th Cir.· 1943-03-15
  The court held that the trust provision in the will did not violate the rule against perpetuities because the estate vested immediately in the beneficiaries. However, the court erred in modifying the will by striking the trust duration provision.