Family Office Definition: Indirect Skip
Indirect Skip definition: When assets are transferred through some intermediary steps from the grantor to the skip person (at least 37.5 years younger), an indirect skip has occurred, and generation-skipping transfer taxes may apply. For example, assets transferred to the next generation (a child) or to a trust before being subsequently transferred to a skip person (a grandchild) is an indirect skip.
Download our free Family Office Report to learn more about the family office industry.
Read more Family Office Definitions
Tags: What is indirect skip?, indirect skip definition, indirect skip family office, indirect skip term, define indirect skip, indirect skip wealth management, indirect skip multi-family office, indirect skip single family office