单词 | generation–skipping transfer |
释义 | generation–skipping transfer n: a transfer of property or of an interest in property that is to a person of a generation more than one generation below that of the transferor and that can be characterized as a taxable termination, a taxable distribution, or a direct skip see also direct skip; generation-skipping trust at trust, skip person, taxable distribution, taxable termination ◇ A transfer from a grandparent to a grandchild qualifies as a generation-skipping transfer, as does a transfer of a life estate to a child with a remainder in the grandchild. Such transfers are subject to a generation-skipping transfer tax. |
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