Shayegan v. Baldwin

CRABTREE, J.T.C.

This is an inheritance tax case wherein plaintiffs seek review of defendant’s determination that certain securities registered in decedent’s name were includible in decedent’s estate pursuant to N.J.S.A. 54:34-1(a) as transfers of property by will.

Plaintiffs are the executors under the will of Ali Shayegan, who died on May 11, 1981. The decedent’s will left his entire estate, either outright or in trust, to his surviving spouse, Badri Shayegan. The subject matter of this litigation is a portfolio of marketable securities, valued at $407,059, registered in the decedent's name…