If the assets put in a GRAT appreciate faster than a set rate--4% a year for GRATs set up in December 2002--you pass on assets gift-tax free.

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Flynn says families are well-advised to set spending limits, which curtail wasteful gift giving.

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Wall Street muck-a-mucks are dreaming of a trillion-dollar gift from the Fed to somehow bolster home prices and set a floor under depreciating prices.

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The third set was essentially decided when Soderling double-faulted to gift Federer a break in game one.

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