Makris v. Director, Division of Taxation

CRABTREE, J. T. C.

Plaintiffs seek a refund of inheritance tax paid with respect to certain inter vivos transfers made by decedent within three years of his death. Defendant claims that the transfers were subject to tax as having been made in contemplation of death within the purview of N.J.S.A. 54:34-l(c).

Argiris Fantis died testate at the age of 81 on July 5, 1972, a resident of Fort Lee, New Jersey. His gross estate, including the disputed transfers, was valued at $2,516,778. The date-of-death value of the assets involved in the disputed inter vivos transfers was $923,624, or 36.7% of…