26 U.S.C. § 2613
§ 2613. Skip person and non-skip person defined
No plain-English explainer yet. Below is the official text. Explainers are being added section by section.
The law as written
Current through Public Law 119-102. Amendment notes omitted.
Structure
For purposes of this chapter, the term “skip person” means—
a natural person assigned to a generation which is 2 or more generations below the generation assignment of the transferor, or
a trust—
if all interests in such trust are held by skip persons, or
if—
there is no person holding an interest in such trust, and
at no time after such transfer may a distribution (including distributions on termination) be made from such trust to a nonskip person.
For purposes of this chapter, the term “non-skip person” means any person who is not a skip person.