La Greca v. Director, Division of Taxation

CRABTREE, J.T.C.

This is a transfer inheritance tax case wherein plaintiff seeks review of defendant’s determination of a deficiency in tax due with respect to the estate of Elaine H. Blount, who died testate on March 19, 1990. The deficiency is attributable to defendant’s redetermination of the value of decedent’s vested remainder inter*24ests in three trusts and to a disallowance of a deduction for fees paid to counsel for the beneficiaries of decedent’s estate.

At her death, decedent owned vested remainder interests in three trusts: the trust under the will of Paul E. Heller, the Arnaud G.…