Bob and Mary have a son, Steven, and a granddaughter, Kelly.If Bob made a transfer of interest in property to Kelly, who would be the skip person?

Question

Quizplus · Accepted Answer

Kelly is considered the skip person in this scenario because she is two generations below Bob, the person making the transfer. In the context of generation-skipping transfer tax, a skip person is someone who is at least two generations below the transferor.

Bob and Mary Have a Son, Steven, and a Granddaughter