Super Finance Glossary
Over 10,000 financial glossary terms...
Generation-skipping Transfer Or Trust
Generation-skipping Transfer Or Trust
Definition: A trust in which a principal amount is placed in a trust on the death of person A and is transferred to A's grandchildren when A's children die. The income from the trust goes to the children of person A while they survive.
Definition: A trust in which a principal amount is placed in a trust on the death of person A and is transferred to A's grandchildren when A's children die. The income from the trust goes to the children of person A while they survive.
