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Manuel and Jasmine are successful businesspeople with 4 children and 10 grandchildren. They
are currently both 80 years old and have a network of $25 million. Their financial planner has
talked to them about the benefits of using annual gifting to reduce the size of their estate. How
much would they be able to gift using their 2022 annual gifting exclusion amount if they both
gift to their children and grandchildren?

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  • 1. Manuel and Jasmine are successful businesspeople with 4 children and 10 grandchildren. They are currently both 80 years old and have a network of $25 million. Their financial planner has talked to them about the benefits of using annual gifting to reduce the size of their estate. How much would they be able to gift using their 2022 annual gifting exclusion amount if they both gift to their children and grandchildren?