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Barry and his wife Mary, have accumulated over $3.5 million during their 50 years of marriage. They have three children and five grandchildren. How much

Barry and his wife Mary, have accumulated over $3.5 million during their 50 years of marriage. They have three children and five grandchildren. How much money can Barry and Mary gift to their grandchildren in 2017 without any gift tax liability?

Maximum tax-free gifts to grandchildren:

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