Kavanagh v. Kelly

On June 16th, 1939, one James W. Greene, a resident of South Orange, New Jersey, died at the age of seventy-five years, leaving a gross estate of $2,085,048.49. The State Tax Commissioner increased the value of the estate alleged to be taxable under the provisions of chapter 228, laws of 1909, section 1, subsection "Third," as amended by chapter 244, laws of 1934, pages 698, 699 (see, also, R.S. 54:34-1, c) by adding the sum of $231,203.24, which was determined to be the total value of certain inter vivos transfers of the capital stock of J.W. Greene, Inc., made by the decedent in the years…