Central Hanover Bank & Trust Co. v. Kelly

New Jersey imposes a tax, with exceptions not material here, “upon the transfer of any property, real or personal, of the value of five hundred dollars ($500.00) or over, or of any interest therein or income therefrom, in trust or otherwise, to persons or corporations, ... in the following cases . . . Third. When the transfer is of property 1 made by a resident ... by deed, grant, bargain, sale or gift made in contemplation of the death of the grantor, vendor or donor, or intended to take effect in possession or enjoyment at or after such death.” Laws of 1935, c. 90, pp. 264-265. And see Rev.…