Investing Glossary Generation-skipping Transfer or trust

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Investing Glossary: Generation-skipping transfer or trust

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Term:

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.

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02/09/2012 - SV1n