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Generation-skipping transfer

A Trust or similar arrangement in which the Beneficiary is two or more generations younger than the donor, for Tax purposes. Often the skipped generation is still able to receive income from the Trust while they are alive.

Related Terms: 6 Beneficiary, Inc., Range, Ratio, Tax, Trust
Other Related Pages: Category: Taxes Starting With: G
Semi Related Terms: 489 CLICK HERE TO VIEW
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