Barry and his wife mary have accumulated over 4 million, Financial Management

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Barry and his wife mary have accumulated over 4 million

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?

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Financial Management: Barry and his wife mary have accumulated over 4 million

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Financial Management: Barry and his wife mary have accumulated over 4 million

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