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!

  • Anna_EnglishProf, 36
    Russian Federation, Усинск, Екатеринбург
    Native language: Russian, English
    Foreign language: Spanish, German, Dutch
    Anna_Engli...
  • maria victoria , 58
    Uruguay, Montevideo
    Native language: Korean
    Foreign language: Korean
    maria vict...
  • Sonia, 35
    Honduras, San Pedro Sula
    Native language: Spanish
    Foreign language: English
    Sonia
  • carmen ruth, 53
    Colombia, Cali
    Native language: Spanish
    Foreign language: Spanish
    soy soltera, me gusta bailar ser ambiente chevre me gustaria conocer amigos....
    carmen rut...
  • som99, 24
    Togo, Lome
    Native language: English
    Foreign language: French
    som99
  • gustavo, 22
    Colombia, Quibdo
    Native language: Spanish
    Foreign language: Spanish
    gustavo
  • Hardi, 22
    Estonia, Arukula
    Native language: Estonian
    Foreign language: English
    15- year old editor, filmer, musician, athlete from Arukula, Estonia.
    Hardi
  • yve, 49
    Dominican Republic, Santo Domingo
    Native language: Spanish
    Foreign language: Spanish
    yve
  • Cesar Edwin Ramirez , 29
    Colombia, Bogota
    Native language: Spanish
    Foreign language: English, German, French
    Cesar Edwi...
  • Ramon Bazaga Calderon, 61
    Spain, Málaga
    Native language: Spanish
    Foreign language: English
    Ramon Baza...
  • gerson espinal, 24
    Honduras, Tegucigalpa
    Native language: Spanish
    Foreign language: English, French
    me gustad mucho el futbol y soy 100% barcelona
    gerson esp...
  • luis dynier, 63
    Mexico, Veracruz
    Native language: English
    Foreign language: English
    luis dynie...
  • mia, 26
    Uruguay, Maldonado
    Native language: Spanish
    Foreign language: Spanish
    mia
  • Yuzuru, 22
    Venezuela, Mérida
    Native language: Japanese
    Foreign language: Spanish, English
    Yuzuru
  • Ksenia, 22
    Russian Federation, Saint Petersburg
    Native language: Russian
    Foreign language: English, Spanish
    Hello!) My name is Ksenia and I&# 39; m a student from Russia. I like meeting with new people! ;)
    Ksenia
  • Lilian, 25
    Cuba
    Native language: Spanish
    Foreign language: English, Italian
    Lilian
  • aileen, 20
    Panama, Panama
    Native language: Spanish
    Foreign language: English
    aileen
  • Felix, 28
    Dominican Republic, Santiago
    Native language: Spanish
    Foreign language: English
    Felix
  • Esthefany, 24
    Venezuela, Guayana
    Native language: Spanish
    Foreign language: English
    Esthefany
  • juanxito, 26
    Mexico, Oaxaca De Juarez
    Native language: Spanish
    Foreign language: English
    juanxito