Skip Person

Skip Person

by Richard C. Wilson & Family Offices Group Association Team

Family Office Definition: Skip Person

Skip Person definition:  The younger recepient triggering a generation-skipping transfer tax is referred to as the “skip person.” For example, a grandchild receiving assets from a grandparent. Any non-spouse recipient of a gift or bequest that is two generations below (at least 37.5 years younger) than the donor, whether a family member or not.

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