Question 1 barry and his wife mary have accumulated over 35, Ask an Expert

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Question: 1. Barry and his wife Mary have accumulated over $3.5 million during their 50 years of marriage. They have three children and five grandchildren

How much money can they gift to their children in 2014 without any gift tax liability?

2. Barry and his wife Mary have accumulated over $3.5 million during their 50 years of marriage. They have three children and five grandchildren

How much money can Barry and Mary gift to their grandchildren in 2014 without any gift tax liability?

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