Untitled Texas Attorney General Opinion

. . . . . . OFFICE OF THE ATTORNEY GENERAL OF TEXAS AUSTIN Deer sir: . Wo are In rooolpt of 0-u actor of ii0v':k u I 6, 1941, In bhloh you rocgast tl 01,.io oi this department na to the Epolication of tb TQ f3sXha ifauoo TQX Law to the ?&tete 02 ViXllkm Gil art Svi ,,. ,~~akL. ;_ d?ii??’ Divins OzcOutod~ &id trust'nae to trustee:WED to rmn- a son of the trwteo, the trust property of the trust prop- the p~o~mrty was to Tot3trii~tagroo- . oonkirma o&2Inistrationof this trust for tho i -: Honorable George I& Sheppard, Page 2 $@I tern!spacifiod herein, but ehould.thamid Villim Gilbert 3ivins die intcs?A.o~and'laava~ a wldoivor child or ohildre3, tber;meld trust properties shall vost in,his la:$il hcifa~accor+ $ng to.ti:ala\;- of descent and distribution.iti .: !Iaxas,subject tG the co~tinuaC's&inietration.,of thls'trust for the full tam specifiedherelhf .- should the said %lll~ Gilbert.Bloina, art’er. ~.’ attaining his mjorlty, execute his lant irill’ ai .” : : %este33ent,(ozG the'said 'iiilliaai Gil>art i3iViriS" .,.~ shall ufter:attaininghis mjority, hava full'. . xi&t, pozer iii&crut!iority to dis@,ijse'of 'the' trust propoztlas.byv~ill, subjaat to the oon- Sinued .a~~z&~iatration of the tru$t'estete‘.for $$a tom .hczainspcoified) devisi&-tie tr’ust propqxtie,-,haroin,raferraCto, aha thax~ftar -die.priortomtho expiration of tbit:trwt, then ..a11 'such.t.r.ust propertics hala by’ the’'%ustde ' .um?ar4his agramant shall vast in.suoh &avisoas nnd benefiqiaries,subjeot to tha cotittiusa aa- .plnistra~ionc$ thi.strust for the .ful.l'.tern .?~pa.cl.f.iel hcxqiq. .. ‘,. ** ‘. . , !ihe-said~i?illie~Gilbert E)ivinsdied &-Xay 23, ‘1440 cfter .havingobtainad tha age of -&w&y-ona‘yfars,’ lea?& a .will.whioh. provides in paxt,~a~~folI~t+~~e~. .. in.; *, ... .. . -%3UXXD:~I give, .daoiseand:beGuesth.uzto. sty-6r6ther..GLITST: TiILSC?T BITETS'andtis-sister.‘ 'b~Rk.~I~,~~:BI-~~:Stshara and shaS3 aliEe,~'all 6f &y-proparty:of.e+erykind lendoh&actor/ ~esl~ -personalfor-otherwisean8 ~~hal~tler(sitrlatch,:of $hi.ch:I.nay .~ia.saizadend possessod,]fo be their. co~wproparty', .aavisingthe mm8 to.,thm without ~apy',.cans.t.raint .or suggestion, to ~$a'hal~;~ mnaf;ed,, mtalncd, :sold,.disposcdof,': or o,tb~eer~~:if+.~use; .' :as.thoiti~OT~I goo& juogaent'tlay diot&ta. t ,‘!...:.” ,.. :, -Tha.p,rohlmOf f@SsGGing the %x?S inbd,t6IKo tax to a oasa as present& hore,has never been passed od by tho oourts of this.State. Eere tha graator gave to the doccaant the poser of appointrzent over oartain trust proportisa. ii 2 Eonorable,GeorzeH. Sheppard, Paso 3 : - the aeoodcnt inlled to exercise said power then tiuiiier the original tru3t~aSreeE?ontthe proporty~wasto pass to Gllvor .. Wilson Blvius an& Xary L:ilosDivlno. Rowever, the decedent left a will in which h3,aevised nll,of his property of every -2. ...klnBwhatsoever to the s8ee indivi8ual3,Gllvs~,\‘UsonBiv&ns .. and.,&yy Elles Rivlne. Artiole 7117.of’thoRevised Givii~Statutes reaas in pak aa folloWs: . .,. .. . :. ., “All property within the jurisalctionof this Stats, reel pr p?orsondl., aorpozateOi In- corporat3,and any interest there+ InoluCilng property passinS mdor a Senoral pmcr of ap- pointmnt exerclsetl by the deoedent bywlU., . which shall-pass absolutely or in.trust iy*wlll or by the laws of aoscont or Qistrlbu- tlon of this or auy other-State, ; . . shall:, . ‘.. upon p~eslrS.to 02 for the use OS any Person, corporat$n, or association, be subjoat to a . tax fok‘tho benefit of the State’s General Rev- ., .. enue Fund,,In accor&ume with the io~lc~$~.~ _* --. ‘-~classiflcatlon. . .R _... :. : Qf”cour3emkthe abovo*quotobprovkloi-‘of‘I;he will of the dec-3&M is aonstruoa so as to tiotbo an eser- ciao of the power.of appointmat granted hiz~‘hythe donor . but..tilncluae only the said decedent% other property, then the;propcrtyin trust paaaes to the saia Oliver Hlson Rlvins ahd Kary Eiles Elvins under the to&s- of tho irrevoctible trust anQ 20 tax woula~bo due on the acatbof. the.decedenL “~l:aagfacts as to the testator’s intent would.have‘ta’bo‘t&eh Into oon3laemtlon to .doter,-lmwhether.or:uot~he&HmiIed that his will should be au exercise oi the powor of ep.polnt- nent gr&ed him. .. Eowever, a&me that the salC deccaoift&ki ‘emr- oise said pc-mr of eppol?ltnentin his will a,?dthat he oppolnt- cd Oliver Wilson Rivino a& iIaryLY,lcsB.vins, the :3m3 IU- dividualawho woul? have xeoelved:‘the pkopertyhnd :he.feiled to oxercinc the pom2. The question then Is would the Texas lrLl3ritanco tax, iiriiolo7117, supra, whkch taxes property ‘paosinS.upouthe exercise of a power of appolntnez~t by will .applyunaer the oircuxst3ucesof this csna? .~ 2 _... :. - -- - ,&.-A- Honorable diorza HI,Sheppard,P3ge 4 . Me belleve‘thstthe anmor to this questlo is controlledby.~thacase of Arnold v. Southern Pine Lumbar co., 133 a. x. 917. In that (l3a3pzo?azty m13 deeded to .a hu3bimd in trust foslhis wife for life nod Shax+s granted the,pouer of rtp;olnt3anteither by deed or alll. In.the eveat ~38 did not exercise said po~os the pro@erty viesto pass to her cblldzen.,.she left a wlIl In which,she left aU. of her property to her children. It was contondcd that 'by seld will the deoedeut hod erazclsed ths peer of appoint- ment end t&t the ohllaren too4 the progsrty fro,?:her Sub- jeot to the dcbts'~ofher estate. The court overruled thle oOotaIktiO?l Md St&Cd aE fOIlOV3: . . .q.’ yj. XeUsee Ties given no prororty lntar- est in the lend,-but V&S mroly ths dei;osltary of the nsked.leseltitle, holding it in trust for :._. the real owners of the benofiaial intereot.. _- ., : : *(5).For'uhsn, then, was he hol~ln~.t.hat which remlued after the tsrr&uStiou of the life cstate of his rulfe? ~vldently for the children, .? _. or xhousoever she z&&t Sppoint. Those who tight take by the eppolntzantwere not-then eaeaoeptlble of aacertslrment,car do&d they be %ill the ,.-. power m3~axecutea. %6 ~ri~htwhich W&E. to aolte into eris+ce Upon tne8ggoistmIztbeI= mile '. : 8188;t&erefore,so.contlr~~ent and uucsrteln~that it did not ri‘ttaln to the.dignity ck"en .astzte. .. h-encethe olllybatieflclaIInterest comeyaa by,' the'&ed beyond th,elife estatesof Lirg.Sillaoe ;' xqa3that 'conferradupon the children. Tney then had a oxsentrldht 'o? futura cnjoyxakt, subject to be u-o& bytt;?eemsution of the r,cxrerby ...' I::rs. ?iallz?-%e contlwcncy r;hichconironted. .. then was oaa which eli;htdcfeot ~3 e;ristlnSright, ‘ikaer not-one upon vihlchIts origin x%uId de3ca.d. : the 8uthoritiosreferred to upon tha forner ey- pesl this conti2ssncydid not prevent the rami+ der fron bacozlng a vest@. one. Set &xold -L So. Fine Lbr. Co., I23 3. 1:.lI.G.2, nnd.caaas @zara : CitGd.~ ., ._ Honorable George E. khoppard, Page.5 . . by virtue of'their orlRlnal title. birs..ITallace could not t&e augthing Sroz their intcrestac- qUi%d under ths deed, exospt by appointing so100 other person to the estate, .'.'. .; . "The lntdxest whioh one his in an estate .'is neasureo'by the'older and better title." (Undersoorl~ ylrs) ': .' Apply& the holding of the oourt to 'thefacts in our cam Oliver Kllson Elvins sod hkry i!ilcs3lvins orlglnallywere given a vested remainder In the property . subject to being defeated by the decedent having passed the property to a thlrd.partyby the exercise of the power of appointment. ibis he did not do. Therefore ‘tlxprop- erty in this case~passed under the terms of thv.trmt agrae- Inent. The question arises, however, 'whether'ornot the. s8me is taxable ufder the wortlingof our tax statute, supra, due to the fact that the power of appoliltmntwas,exercloed, as we assumd, and the property passed to.Oliver Zllson Blvlns and lktry Xlles Elvins because the deoadert did not . -appointa third party. This point was passed on by thr : 5ldrd Circuit Court of Appeals in the case oS.Wear v. Ckm- -.-misslonor of Internal Revenue, 65 .Te& (;iG)665. ‘me Fed- .- eral Lot elso~tsxes'npropertypassing under 'age&ral power OS appofntient exercised by the decedeot by valll.'...n The court stated as follows:_~ _, _, .,' i ; . i Vhat'question is predictted on the law of 'Pennsylvaniathat, 'IS the douse of the power * exorcise it lu such a tuner that the property pusses exactly as It would have passed .lSthe povierhad not been exercised,the property will be treated as passing under the w-sillof the donor.' . . . ._~ : i Vhf3 real .question,ai we venture to 'putit, ia whether the exeroise of a g,cne$Lpo:?-ercf ap- pointment ia a la&ul subject OS Sedersl-taxe- tion, to be neasuredlby t.he.v&e OS property vinioh under state la;ipasses. ii?':iu:thkcase,not from the decedcut donee OS the power but froratho donor. ._ .. R.. . . 930 subject of the tax In this case ~1s the exercise of a general power of appointnent;'The .. Honorible George 8. Sheppard, Page 6 tax 1s not on tha property OS the pmer dut 1s on the exercise oS tho pv.?er1tselS. , , *An&, further the Congress has, ln some situations,powr 40 tax transmlsslonof prop?- erty etfeoted by death even the@ by the'fau of tho decedent's domicile such property lo not part of his estate. Fidolity&h;i.ladclphle Trust Co. v. lZcCau#n (C.C.A.) 34 F, !2d) SOP, @2? .. “. .‘. .: . ., 'We .have not been convinced .thaton the aeath of .theQonee nothing happened lp rospeot to the 'property of the povfer~8. ln xespeot to the daughters' right to the property by the ex- erolse of the po??er. Eefore Its exercise t.he daughters OS tho deoedent, the twice pamed ze.- olplents, had under ~Pennsylvania :Jq:f an e3tat.e in the property'of the povfer. But~:it was a de.- Seaslbls estate.,not unlike the interest of a -. -beneSlolary fn a polloy of l$.S $rm&ice .vi&e.re the insured .has:xescrved, yet has not exerolse$ the right to ohange the bencSi.clary,,melx estate was liable ~tobe whol1.ytake.navzy $roG them by the exe~rolseof the power in J?a~?r. pf others. So long as -the don69 :livcd and retains8 oontrol.over ,thedispositionSp t.pe.propqrty.$he aaughtars ran -that:xisk,vihlchpas akin -to-the risk of a change OS beneflolax-J.es -ina .polloyof ,: insurQnco..rot until the donee .disddid ~that ri3% disappear..%Jntil then he :stood:lntheir 3VQY..Tharofore :ltwas upon his .death -v$thdut exercising the .poVwer adverse to ~them@at. ..the estate of the daughters becme :lndoSeasible.. *... And such a .tnzc, we :hold, the -fe,deralgovqrnmqnt, under its sovereign poivcr to -levyta,ses, .may:lfliF fnl1.yimpose upon the exercise-oz,.a .p.Wer.ec&,ect- Ing such a change.,.. ,...(I i ;~ Under the reasoning of the above case ,the.Texas inheritancetax would be due untierthenfaots you present. Honorable George E. Sheppard, Pa&6 7 However, the Point was again passed on. The second Circuit Court of Appeals in the ease OS Grlunell Y. CorzissiouerOS Internal Pevenue, 70 Fad. (26) 705, held ccztra to the U&r ease, supra, The oourt held that as the proplortydid not"' pass upon the exercise of the povler.dSappointmnt but’xather passed under the will of the orlg.inaldonor t.hesaci9was pot -taxableas Property passin% under a general pomr of %appoi,ut-. msnt excroised oy the,decedentby will.” (Underscoringourr) Eecauso of the confliot In the t%:oabove mentioned Fedora1 cases the Supreme Court OS the United States granted *awrit of certiorari. See Fielvcringv. Grinnell,234 Up .S, 153, 79 I,.XX. 825. The oourt Btatatia3 So1lo~s.: *(Thecrucial words arc ‘property,pdssin~ .~. under a general power 0S appointment exercised by the daoedcnt by will;* Analysis of this c1.ause” discloses three distinct requisites--(l)-theox- lstenoe ai a goneral pwlar of appolntnsnt; (2) .an . exercise of that povrarby the decetlentby.will; and (3) the passing OS the property in’virtuo of ouch exercise. Clearly, the 6enersl pzvar-existed and was exercised;and this Is notdisputed; Eut it is equally clear that no property passed under the powor or as a result of Its ersxciso since that result was defiaite$y rejected by.the.bcne- Slciaries. . . Yi’egranted the writ of certiorariin.~thi’s’ case because oS~an.e.l.le.~ad conS1ict aith,Uear.~y. : Commissionerof ‘InternalRevenue [C..C.h.‘3d).65:P. (2d) 665, and Leev, CommissioneroS.Intcmal:E6v- enu6, 61 ‘App.D. C. 33, 57 F. (2d) 39~9.~~The.rea-~ soning and,oonclusionsof those oourts and.of’the-. ocurt below cannot bs.re’conclled..%e are:of-.tho .. opinion that, to the extent of the conflict;the view of the former is wrong and that ,oS..the.oourt- below Is right, cod we hold accordingly.” ~,.. ‘Under the abo-~0holding OS the Su:rene,6ourtoS the United States ani¶the othor.authorit,iescitedherein, It is our opinion that ,the,propurtypassing to Oliver Wilson Bivins and Kary Eiles Bivino passefiunderthe trust agree- ment and IS not subjeot to the Texas Inheritancetax.upon ~, ,.the death of ths decedent, Y;illitin Gilbert Zivins.. ” ;. : _ Honorable qeorgs IL Sheppard,Page 8 i We trtistthat the forogolng is suffiaientto en- / lighten you in this matter. I . I I . i ‘. 1.. . .__ i