[goodnesswins]

I found this from late 2010.....don’t know if anything has changed....I doubt it.... http://www.bloomberg.com/news/2010-12-14/estate-measure-creates-window-to-give-children-up-to-10-million-tax-free.html

[Drango]

From the article...

In addition to the lifetime gift-tax exclusion, individuals can continue to give a tax-free gift of $13,000...a year

I'm thinking the $5 million is lifetime and the $13,000 is annual.