George and Martha, spouses who are both age 60 and in excellent health, made a number of gifts during 2019. Their accountant is trying to help them decide whether to elect gift splitting. If they do not elect gift splitting, George's tax-able gifts will be $2 million, and Martha's will be $14 million. For simplicity, assume all gifts are of remainder interests to relatives. George has not made any earlier taxable gifts, but Martha made $250,000 of taxable gifts in 2009. Calculate the amount of gift tax each spouse will owe if they elect gift splitting and if they do not elect gift splitting for 2019. What do you recommend they do concerning the election to split gifts if George, but not Martha, expects to give about $20 million of taxable gifts in the near future?