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词汇 generation-skipping trust
释义 `1`generation-skipping trust `2`
"Nolo Everybody's Legal Dictionary":

A trust designed to save on estate tax. The trust principal is preserved for the trust maker's grandchildren, with his or her children receiving only income from the trust. Because the children (the middle generation) never legally own the property, it isn't subject to estate tax at their death. See generation-skipping transfer tax.

See Topic: Wills & Estate Planning
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