Question

Question 36 of 75 Which of the following gifts is a gift to a skip person? O John (75) gives $100,000 grandson, J O Carol (age 50) gives $75,000 to her niece, Sally (age 10). OJan (age 65) gives $25,000 to her friend, Bill (age 45). to his grandson, Joseph (30), Joseph's mother (John's daughter) is not living at the time of the giht. Bob (age 50) makes a $50,000 gift to his godson, David (age 11).

Answer 1

Skip person refers to person assigned to generation which is 2 or more generations below the generation of person transferring the asset. further skip person should at least 37.5 year younger than transferor

Thus ans: John(75) gives $100000 to his grandson, Joseph(30)