Skip person
(d) Skip person. A skip person is (1) An individual assigned to a generation more than one generation below that of the transferor (determined under the rules of section 2651); or (2) A trust if (i) All interests in the trust are held by skip persons; or (ii) No person holds an interest in the trust and no distributions, other than a distribution the probability of which occurring is so remote as to be negligible (including distributions at the termination of the trust), may be made after the transfer to a person other than a skip person. For this purpose, the probability that a distribution will occur is so remote as to be negligible only if it can be ascertained by actuarial standards that there is less than a 5 percent probability that the distribution will occur.