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

Dictionary Entries Near direct skip

Cite this Entry

“Direct skip.” Legal Dictionary, Merriam-Webster, Accessed 22 Jun. 2024.

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