Law Dictionary Definitions

generation-skipping trust.See TRUST. [Blacks Law 8th]

generation-skipping transfer tax.See TAX. [Blacks Law 8th]

generation-skipping transfer.A conveyance of assets to a “skip person,” that is, a person more than one generation removed from the transferor. • For example, a conveyance either directly or in trust from a grandparent to a grandchild is a generation-skipping transfer subject to a generation-skipping transfer tax. IRC (26 USCA) §§ 2601–2663. See generation-skipping transfer…

generation-skipping tax.See TAX. [Blacks Law 8th]

generation. 1. A single degree or stage in the succession of persons in natural descent. 2. The average time span between the birth of parents and the birth of their children. [Blacks Law 8th]

general words.Language used in deeds to convey not only the specific property described in the conveyance but also all easements, privileges, and appurtenances that may belong to the property. [Cases: Deeds 117.C.J.S. Deeds §§ 238–241.] [Blacks Law 8th]

General Welfare Clause.U.S. Const. art. I, § 8, cl. 1, which empowers Congress to levy taxes and pay debts in order to provide for the country’s general welfare. • The Supreme Court has broadly interpreted this clause to allow Congress to create, for example, the social-security system. — Also termed Welfare Clause. [Cases: United States…

general welfare.See WELFARE(1). [Blacks Law 8th]

general warranty deed.See warranty deed under DEED. [Blacks Law 8th]

general warrant.See WARRANT(1). [Blacks Law 8th]