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Suzan set up an irrevocable trust for her children and grandchildren with Crummey powers. Her husband Josh has agreed to gift splitting to fund the
Suzan set up an irrevocable trust for her children and grandchildren with Crummey powers. Her husband Josh has agreed to gift splitting to fund the trust. They have 2 children and 6 grandchildren who will be named as trust beneficiaries. Assume the 2022 annual gift exclusion. How much can she contribute to the trust this year without gift tax consequences?
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