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Barry and his wife Mary have accumulated over $3 million during their 50 years of marriage. They have five children and seven grandchildren. What is

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Barry and his wife Mary have accumulated over $3 million during their 50 years of marriage. They have five children and seven grandchildren. What is the maximum amount Barry and Mary can gift to their children and grandchildren in 2016 without incurring any gift tax liability? Total amount removed without any gift tax liability

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