skip person

noun

: 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

Dictionary Entries Near skip person

Cite this Entry

“Skip person.” Merriam-Webster.com Legal Dictionary, Merriam-Webster, https://www.merriam-webster.com/legal/skip%20person. Accessed 25 May. 2024.

Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!