Skippingly - Law Dictionary Search Results
Home Dictionary Name: skippinglygeneration-skipping transfer
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 ...
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 ...
generation-skipping transfer tax
generation-skipping transfer tax : a transfer tax on a generation-skipping transfer called also generation-skipping tax ...
generation-skipping tax
generation-skipping tax : generation-skipping transfer tax ...
non-skip person
non-skip person : a person who is not a skip person ...
Skippingly
In a skipping manner by skips or light leaps...
generation-skipping trust
generation-skipping trust see trust ...
hit-skip
hit-skip : hit-and-run ...
hop skip and a jump
a short distance as its just a hop skip and a jump away...
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