Harry and Dolores are married and live in a common law state.Harry owns some real estate (fair market value of $576,000)which they would like to give to their six adult married children.The spouses of their children (e.g.,son-in-law,daughter-in-law)are to be included in the gifts.Harry and Dolores do not want to use any of their unified transfer tax credit.Assuming a constant annual exclusion in the amount of $12,000,suggest a viable way to structure the transfer.
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