generation-skipping transfer

Definition of "generation-skipping transfer"
  1. A move made by a grandparent to transfer assets to a grandchild, bypassing the parent's generation, which can invite a specific federal tax for sizable transfers
How to use "generation-skipping transfer" in a sentence
  1. My grandparents planned a generation-skipping transfer to ensure I could start my business.
  2. The concept of a generation-skipping transfer was introduced to equalize wealth distribution within our family.
  3. Tax consultants suggested a generation-skipping transfer to minimize their financial liability.
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