Dorrance v. Thayer-Martin

Since the filing of the earlier conclusions in this matter (Inre Dorrance, 115 N.J. Eq. 268; 170 Atl. Rep. 601), opposing counsel have come to agreement as to certain of the items then in process of negotiation — namely that the so-called "compromise tax" (assessed by way of compromise and commutation for present payment, in respect of legacies in expectancy which are contingent and defeasible), should be eliminated from the assessment under review, inasmuch as under the terms of the statute, tax on these transfers is not assessable until the occurrence of the contingencies, except by…