During 2022, Vasu wants to take advantage of the annual exclusion and make gifts to his 6 married children (plus their spouses) and his 12 minor grandchildren. a. How much property can Vasu give away this year without creating a taxable gift? \&. Feedback Check luty itiork One of the ways to carry out family tax planning is to start a program of lifetime giving. The objectives of such a program are to minimize transfer taxes while keeping income tax consequences in mind. b. How does your answer change if Vasu's spouse, Coleen, elects to join in making the gifts? x