DIRECT SKIP

direct skip.Tax. A generation-skipping transfer of assets, either directly or through a trust. • A

direct skip may be subject to a generation-skipping transfer tax — either a gift tax or an estate tax.

IRC     (26     USCA)     §§     2601–2602.     See     GENERATION-SKIPPING     TRANSFER;

generation-skipping transfer tax under TAX; SKIP PERSON. [Cases: Internal Revenue    4224.] [Blacks Law 8th]