non-skip person

Definition of "non-skip person"
  1. An individual who doesn't qualify as a skip person in terms of wealth transfer or gift tax legislation
How to use "non-skip person" in a sentence
  1. In terms of inheritance planning, the assets were transferred to a non-skip person to avoid certain taxes.
  2. The estate planners ensured that the trust beneficiary was a non-skip person to increase tax efficiency.
  3. A significant part of the family fortune was bequeathed to a non-skip person to bypass the generation-skipping transfer tax.

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