Millikin v. People

THIS controversy raises the question whether a transfer inter vivos, made in trust, as disclosed by the record, is within the provisions of our Inheritance and Succession Tax Law, chapter 85, '35 C.S.A., section 7 (d) that part of which, pertinent to the issue here involved, is as follows:

"The transfers enumerated in the preceding section shall be taxable if made:

"(d) By gift or grant intended to take effect in possession or enjoyment at or after the death of the transferor. A transfer of property in respect of which or in consideration of which the transferor reserves to himself or purchases…