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!

  • eddie, 66
    Spain, Toledo
    Native language: Spanish
    Foreign language: Italian
    eddie
  • Казима, 24
    Russian Federation
    Native language: Russian
    Foreign language: English
    Казима
  • alejandro cardenas , 19
    Colombia, Colombia
    Native language: English
    Foreign language: German
    alejandro ...
  • adriana, 23
    Peru, Lima
    Native language: Spanish
    Foreign language: Spanish, Spanish
    adriana
  • Alexandra
    Russian Federation, Saint Petersburg
    Native language: Russian
    Foreign language: English, Spanish
    Hello! I am a student and I learn english and spanish. But I feel I need more practice in languages. And I am really glad to meet new people =))
    Alexandra
  • Elizabeth Henriquez, 42
    Honduras, La Ceiba
    Native language: Spanish
    Foreign language: English
    Elizabeth ...
  • Saltanat, 21
    Czech Republic, Brno
    Native language: Russian
    Foreign language: English, Czech, Spanish
    Hello everyone ;) I am 17 , from Kazakhstan, Astana, but now I am in CR , Brno, for studying Czech language. I would like to chat someone and practice my Czech ;)
    Saltanat
  • david samuel cornelio, 35
    Dominican Republic, Santo Domingo
    Native language: Spanish
    Foreign language: English
    david samu...
  • waleed, 40
    Iraq, Baghdad
    Native language: Arabic
    Foreign language: Spanish
    waleed
  • Felix, 28
    Dominican Republic, Santiago
    Native language: Spanish
    Foreign language: English
    Felix
  • mourad, 21
    Morocco, Pozuelo De Alarcã³N
    Native language: Catalan, English
    Foreign language: Bulgarian
    mourad
  • OCTAVIO SOUZA, 56
    Mexico, Ciudad De México, D.F.
    Native language: Spanish
    Foreign language: French
    Escribo y me gusta escribir cuentos y relatos en español en mis tiempos libres. Por desgracia no me atrevo aún a escribir en francés; aunque en un futuro no muy lejano tal vez lo haga. Con este fin fue que me inscribí en este portal y, sobre todo, para enriquecer mi léxico, mi vocabulario, etc., auxiliándome, además, en la utilización de los diversos diccionarios y enciclopedias que se manejan en el sitio. Me interesa sobremanera el famoso y consabido Diccionario de María Moliner, que es el que más uso. Soy mexicano y vivo al sur de la ciudad de México, con una fuerte influencia y admiración hacia la cultura y civilización gala desde niño... ¡ Bienvenidos todos aquellos que amen el español y el francés tal como yo! ¡ Bienvenidos todos aquellos que gusten de las culturas y civilizaciones iberoamericanas y, sobre todo, que les plazca y que gusten de mi hermoso y maravilloso país!
    OCTAVIO SO...
  • jenny blessing , 28
    Sudan, Khartoum
    Native language: English
    Foreign language: Arabic
    jenny bles...
  • Natalia
    United States, Los Angeles
    Native language: Russian
    Foreign language: English
    Natalia
  • manuel turcios, 67
    El Salvador, San Salvador
    Native language: Spanish
    Foreign language: English
    manuel tur...
  • rabab, 27
    Austria, Vienna
    Native language: English
    Foreign language: English
    rabab
  • francisco, 20
    Ecuador, Zapotillo
    Native language: Spanish
    Foreign language: Spanish
    francisco
  • Alejandra Reguera, 56
    Argentina, Cordoba
    Native language: Spanish
    Foreign language: French
    Alejandra ...
  • yordi, 22
    Ecuador, Guayaquil
    Native language: Spanish
    Foreign language: Spanish
    yordi
  • dominicano
    Italy, Cisano Bergamasco
    Native language: Spanish
    Foreign language: Italian
    dominicano