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Barry and his wife Mary have accumulated over $4 million during their 45 years of marriage. They have three children and five grandchildren.

A- How much money can Barry and Mary gift to their children in 2008 without any gift tax liability?

B- How much money can Barry and Mary gift to their grandchildren?

C- What is the total amount of estate removed from Barry and Mary’s estate?

Financial Management, Finance

  • Category:- Financial Management
  • Reference No.:- M91378283

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