In Re the Estate of Romnes

*141The opinion of the court was delivered by

Mountain, J.

The executors of the estate of Haakon I. Romnes filed a transfer inheritance tax return with the New Jersey Transfer Inheritance Tax Bureau, listing among the decedent’s assets a survivor’s annuity that derived from an employee benefit plan of the decedent’s employer, American Telephone and Telegraph Company. The annuity provided for annual fixed income payments to decedent’s widow, Aimee C. Romnes, which would continue during the remainder of her lifetime. In valuing this asset, the executors claimed the right to take as a reduction the…