Burt and Lisa Are Married and Live in a Common

question 53

Multiple Choice

Burt and Lisa are married and live in a common law state.Burt wants to make gifts to their four children in 2019. What is the maximum amount of the annual exclusion they will be allowed for these gifts?

• A)$15,000.
• B)$30,000.
• C)$60,000.
• D)$120,000.
• E)None of these.

---

Definitions:

Lawsuit

A legal action taken by one party against another in a court of law, often seeking damages or specific performance.

Executive Orders

Directives issued by the President of the United States that manage operations of the federal government.

Legislative Delegation

The process by which legislative authorities give regulatory agencies the power to create rules and regulations based on the statutes the legislature has enacted.

Injunction

A court order requiring a party to do or refrain from doing specific acts, often issued to protect a plaintiff's rights while a case is pending.