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!

  • gretel, 31
    Guatemala, Quetzaltenango
    Native language: Spanish
    Foreign language: English
    gretel
  • Kevin Macias, 26
    Ecuador, Quito
    Native language: Spanish
    Foreign language: Spanish
    Kevin Maci...
  • brando, 20
    Venezuela, Moron
    Native language: English
    Foreign language: English
    brando
  • JUVENAL, 21
    Bolivia, Cochabamba
    Native language: Spanish
    Foreign language: Portuguese
    JUVENAL
  • Daniel Steven, 23
    Colombia, Bogotá
    Native language: Spanish
    Foreign language: English
    I am a musician, I&# 39; m very shy but honest and friendly and I am also a Christian
    Daniel Ste...
  • tania, 28
    Nicaragua, Estelã­
    Native language: Spanish
    Foreign language: English
    tania
  • Nathasky Tigrero, 19
    Ecuador, Guayaquil
    Native language: Spanish
    Foreign language: Spanish
    Nathasky T...
  • carlos castillo, 24
    Dominican Republic, Santiago De Los Caballeros
    Native language: Spanish
    Foreign language: English
    carlos cas...
  • wilver lopez, 32
    Colombia, Santa Marta
    Native language: Spanish
    Foreign language: Spanish
    wilver lop...
  • darwin itzep, 20
    Guatemala, Peten
    Native language: Spanish
    Foreign language: English
    darwin itz...
  • Yandry Moreira, 31
    Ecuador, Manta
    Native language: Spanish
    Foreign language: Spanish
    Yandry Mor...
  • Asya Huntress
    Russian Federation, Москва
    Native language: Russian
    Foreign language: English
    Asya Huntr...
  • roman, 43
    Mexico, Chihuahua
    Native language: Spanish
    Foreign language: English, German
    roman
  • Cancerbero, 42
    Cuba, Cienfuegos
    Native language: Spanish
    Foreign language: English
    Cancerbero
  • pedro, 20
    Mozambique, Maputo
    Native language: Portuguese
    Foreign language: Spanish
    pedro
  • jonathan, 36
    Mexico, Morelos
    Native language: Spanish
    Foreign language: English
    jonathan
  • Nelson Homero Gonzalez Coronel, 44
    Ecuador, Cañar
    Native language: Spanish
    Foreign language: English
    Nelson Hom...
  • Maderita, 27
    Venezuela, Caracas El Hatillo
    Native language: English
    Foreign language: German, English
    Maderita
  • Luna, 20
    Mexico, Yucatan
    Native language: Spanish
    Foreign language: English, Japanese
    Luna
  • Jesus
    Mexico, Mexico
    Native language: Spanish
    Foreign language: English
    Soy mas de la mitad mejor de lo que tu crees, con una pizca de maldad menor o igual a la tuya... No he llegado a donde quiero, pero no estoy donde estaba, entonces... todo va como debe!!! I am more than half better than you think, with a hint of evil or less yours ... I have not gotten to where I want, but I&# 39; m not where I was, then ... everything is as it should!
    Jesus