Generation-skipping transfer

{
  "id": "MLC-T-LAW-002299",
  "term": "Generation-skipping transfer",
  "field": "Law",
  "definition": "A transfer of property, either during life or at death, to a beneficiary who is two or more generations younger than the transferor. This type of transfer is subject to a specific federal tax designed to prevent the avoidance of estate and gift taxes. Examples include gifts to grandchildren or great-grandchildren.",
  "url": "https://mlchart.com/terminology/law/generation-skipping-transfer/"
}