Hit Skip - Law Dictionary Search Results

Home Dictionary Name: hit skip

generation-skipping transfer : 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 NOTE: 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. ...

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 persons see also direct skip compare generation-skipping transfer ...

no hit

having no hits characterized by one team scoring no hits of a baseball game or the pitching in which a pitcher allows the opponent no hits as he pitched no hit ball for seven innings A no hit game is usually referred to as a no hitter as His no hit pitching...

direct skip

direct skip : a generation-skipping transfer of an interest in property to a skip person : a transfer that is to a person two or more generations below the person making the transfer or to 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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Hit Skip - Law Dictionary Search Results

hit-skip

generation-skipping transfer

skip person

no hit

direct skip

generation-skipping transfer tax

generation-skipping tax

non-skip person

Skippingly

generation-skipping trust