an event which triggers the generation-skipping transfer tax when a grantor bypasses his or her children completely and gives assets either outright or in trust for the benefit of grandchildren, more remote descendants, or other "skip" person(s)

a transfer subject to estate or gift tax to a skip person

An outright generation-skipping transfer, either by gift or at death, to a recipient, known as a "skip person," who is two or more generation levels below the transferor. This type of property transfer prompts the generation-skipping transfer tax.