Generation Skipping Transfer - Law Dictionary Search Results
generation-skipping transfer
Matched in: Term generation-skipping transfer
generation-skipping transfer tax
Matched in: Term generation-skipping transfer tax
direct skip
direct skip : a generation-skipping transfer of an interest in property to a skip person : a transfer that is to a person
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skip person
skip person : a person to whom property is transferred in a generation-skipping transfer ;also : a trust whose interests are all held by or may only be distributed to skip
taxable termination
taxable termination : a generation-skipping transfer of property held in trust that is subject to a generation-skipping transfer tax payable by the trustee
taxable distribution
taxable distribution : a generation-skipping transfer of property held in trust that is subject to a generation-skipping transfer tax payable by a skip
trust
person usually following payment of income for life to a non-skip person : a trust created by a generation-skipping transfer of property in trust grantor trust : a trust that is taxed at the settlor's tax rate
generation-skipping tax
Matched in: Term generation-skipping tax
death tax
the transfer of property (as an estate, inheritance, legacy, or succession) after the transferor's death compare estate tax, generation-skipping transfer tax, gift tax
gift tax
lifetime see also annual exclusion, gift split gift at gift, unified transfer tax compare death tax, estate tax, generation-skipping transfer tax
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