Frank Murphy

“ Our attention here is directed toward the proper valuation for federal estate tax purposes of the corpus of an inter vivos trust where the transfer was intended to take effect in possession or enjoyment at or after death and where the settlor retained a life estate in the trust income and a reversionary interest in the corpus. ”

“ Hallock, supra, 309 U.S. at pages 110, 111, 60 S.Ct. at page 447, 84 L.Ed. 604, 125 A.L.R. 1368, this provision 'deals with property not technically passing at death but with interests theretofore created. ”