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Barry and his wife, Mary, have accumulated over $5.2 million during their 50 years of marriage. They have two children and seven grandchildren. How

Barry and his wife, Mary, have accumulated over $5.2 million during their 50 years of marriage. They have two children and seven grandchildren. How much money can Barry and Mary gift to their grandchildren in 2017 without any gift tax liability? Answer is complete but not entirely correct. Maximum tax-free gifts to grandchildren $ 56,000

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