Direct Skip - Law Dictionary Search Results
direct skip
Matched in: Term direct skip
generation-skipping transfer
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 NOTE: A transfer from … 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 NOTE: A transfer from a grandparent to a
skip person
Matched in: Term skip person
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taxable termination
one who is not a skip person, and a distribution to a skip person may be made compare direct skip, taxable distribution
taxable distribution
tax payable by a skip person when he or she receives a distribution of income or principal compare direct skip, taxable termination
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