@000000000000 wrote:
.....These $3,000,000 are forfeited. Do I read it right?
Yes, assuming the exemption decreases as expected.
Another thought; If you, in fact, have sums this large to gift, you really do need to consult with legal counsel, a financial advisor, and a tax professional. Those who have a net worth of such magnitude (as like in the $20 million and up range) typically look into setting up a private foundation.
