Koch v. McCutcheon

The opinion of the court was delivered by

Lloyd, J.

The writ is to review a decree of the Prerogative Court which reversed an assessment by the comptroller of an inheritance tax on property conveyed by George Schlegel, now deceased, by a deed of trust to one Koch.

Schlegel died in 1928. He was a resident of New York, but left some property in this state upon which the comptroller assessed the tax. In 1922 Schlegel executed the deed of trust comprising real and personal property valued at approximately $1,000,000. Included in this was the real estate in New Jersey valued at $164,900. The property…