Understanding Direct Skips in Estate Planning

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Explore the concept of direct skips in estate planning, its significance for inheritance and taxation, and how it impacts generational transfers of assets.

When it comes to estate planning, understanding the terminology can sometimes feel like learning a new language. One term that might have you scratching your head is “direct skip.” But don’t worry; we’ve all been there, and it’s easier than it sounds! So, let’s break it down, shall we?