generation skipping - definition

Create account
Where to search:
Thesaurus


Dictionaries » Dictionary of Law » G »

generation skipping - definition



A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
(Non-alphabetical character)

generation skipping Search for pronunciation examples


adj., adv. referring to gifts made through trusts by a grandparent to a grandchild, skipping one's child (the grandchild's parent). Originally intended to avoid or defer federal gift or estate taxes if paid through a "generation skipping trust," it is now subject to a generation skipping tax, and if made directly without a trust, the gift is as taxable as any large gift. In other words, although generation skipping no longer works to avoid taxes, a grandparent can still give or leave gifts under $10,000 a year to a grandchild without a gift tax.



Permanent link to this page: http://www.diclib.com/cgi-bin/d1.cgi?l=en&base=en_law&page=showid&id=1005


Learn foreign languages chatting with us!

  • ELMER, 41
    Guatemala, Guatemala City
    Native language: Spanish
    Foreign language: Spanish
    OK. PUES SOY TRANQUILO. SOY CRISTIANO Y TENGO 3 MARAVILLOSOS HIJOS, SOY DIVORCIADO Y ME ENCANTA CONOCER PERSONAS. ME GUSTARIA CONOCER GENTE DE OTROS PAISES Y SABER QUE PIENSAN DE JESUCRISTO Y DE LAS PRUEBAS QUE HAN SUPERADO. BENDICIONES
    ELMER
  • marla castillo
    Honduras, Tegucigalpa
    Native language: English
    Foreign language: English
    marla cast...
  • alex, 23
    Guatemala, Guatemala City
    Native language: Spanish
    Foreign language: English, German
    Hola, estoy interesado en aprender idiomas y como tambien enseñar el español a otras personas q lo deseen, mis hobbies son las peliculas, musica, videos, etc...... M interesan personas cariñosas, amables y q confien en mi........
    alex
  • gustavo, 22
    Venezuela, Valencia
    Native language: Spanish
    Foreign language: Spanish
    gustavo
  • alberto, 60
    Argentina, Toay
    Native language: Spanish
    Foreign language: Spanish
    alberto
  • ingrid, 18
    Ecuador, Esmeraldas
    Native language: Spanish
    Foreign language: Spanish
    ingrid
  • Nathasky Tigrero, 17
    Ecuador, Guayaquil
    Native language: Spanish
    Foreign language: Spanish
    Nathasky T...
  • Fernando, 19
    Ecuador, Quito
    Native language: Spanish
    Foreign language: English
    Fernando
  • waleed, 38
    Iraq, Baghdad
    Native language: Arabic
    Foreign language: Spanish
    waleed
  • Pascacio Jose, 20
    Panama, Santiago
    Native language: Spanish
    Foreign language: French
    Pascacio J...
  • Jessica , 20
    Ecuador, Ambato
    Native language: Spanish
    hola por favor quiero aprender inglés alguien que me ayude si....
    Jessica
  • MHL
    Dominican Republic, Santo Domingo
    Native language: Spanish
    Foreign language: Spanish
    MHL
  • JUVENAL, 19
    Bolivia, Cochabamba
    Native language: Spanish
    Foreign language: Portuguese
    JUVENAL
  • Esthefany, 22
    Venezuela, Guayana
    Native language: Spanish
    Foreign language: English
    Esthefany
  • tefany mendezz, 24
    El Salvador, San Salvador
    Native language: Spanish
    Foreign language: French
    tefany men...
  • Gehad, 27
    Egypt, Cairo
    Native language: , English
    Foreign language: French, German, Spanish
    I translate news, I work with children at risk, I read, I write, I walk and I climb trees.
    Gehad
  • Miosotis Tejada, 25
    Dominican Republic, Santo Domingo
    Native language: Spanish
    Foreign language: English
    Miosotis T...
  • celia , 33
    Dominican Republic, Santo Domingo
    Native language: Spanish
    Foreign language: English
    hello i´ m celia, i´ m from dominican republic, i have 21 years , i like listen music, talk with my friends, i love the chocolate , and go to the beach!!!
    celia
  • Claudiu, 43
    Spain, Alicante
    Native language: Romanian, German
    Foreign language: Spanish, French, Italian
    Claudiu
  • williams espaa lima, 46
    Venezuela, Puerto Ayacucho
    Native language: Spanish
    Foreign language: English
    williams e...