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

Description


Barry and his wife Mary have accumulated over $4 million during their 45 years of marriage. They have three children and five grandchildren. How much money can Barry and Mary gift to their children in 2016 without any gift tax liability?

Question

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

  • Written in: 17-Oct-2019
  • Paper ID: 340405
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About this Question

STATUS

Approved

DATE ANSWERED

Oct 17, 2019

EXPERT

N/A

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