18:26-5.10 Transfers not deemed to take effect at or after death

N.J.A.C. 18:26-5.10 (2014)
§ 18:26-5.10 Transfers not deemed to take effect at or after death

   Any transfer of property by deed, grant, bargain, sale, gift or interest under which the transferor is entitled to some income, right, interest or power including the possession or enjoyment of the property, either expressly or by operation of law, is not deemed a transfer to take effect at or after the transferor's death if the transferor at any time more than three years prior to death completely and irrevocably disposes of all of his reserved income, rights, interests and powers in and over the transferred property, including any right to possession, use and enjoyment of the property.