Generation Skipping Transfer Tax - Law Dictionary Search Results
generation-skipping transfer tax
Matched in: Term generation-skipping transfer tax
generation-skipping transfer
Matched in: Term generation-skipping transfer
direct skip
direct skip : a generation-skipping transfer of an interest in property to a skip person : a transfer that is to a person … a trust in which all interest is held by such persons and that is subject to generation-skipping transfer taxes compare taxable distribution, taxable termination
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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
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 when an interest in the property terminates (as at the death of the parent
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 person when he or she receives a distribution of income or principal compare direct
generation-skipping tax
Matched in: Term generation-skipping tax
death tax
Matched in: Term death tax
gift tax
Matched in: Term gift tax
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