For tax purposes, to skip a generation in order to pass on property to further generations and minimize any tax liability, e.g. from grandparent to grandson.
Home »
Law Dictionary » S » SKIP PERSON
TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.
For tax purposes, to skip a generation in order to pass on property to further generations and minimize any tax liability, e.g. from grandparent to grandson.