George and his wife Mary have an estate valued at $50 million. How much can they reduce
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George and his wife Mary have an estate valued at $50 million. How much can they reduce the size of their estate by without paying gift taxes if they give the maximum gift allowed to each of their children/children's spouses/grandchildren each year for the next 20 years? Assume the have 19 total family members who will receive gifts? Assume the annual gift tax exemption amount is $15,000.
Related Book For
Personal Finance Turning Money into Wealth
ISBN: 978-0134730363
8th edition
Authors: Arthur J. Keown
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