State v. Stone

Sec. 72.01, Stats., imposes a tax upon any transfer of property or interest therein or income therefrom in the cases set forth in the subsections. Sub. (3) (b) specifies the case: “When a transfer is of property, made without an adequate and full consideration in money or money’s worth . . . by . . . gift, intended to take effect *470in possession or enjoyment at or after the death of the . . . donor, . .

Mr. Stone, by his election, altered the rights which he would presumably have at and after retirement in the trust fund created by the company. If he did not elect the joint and survivor option,…