You and your wife should set up a limited liability company that owns the property. Then, have the limited liability company that owns the property, grant you and your wife a life estate to possess the property until death. Have the limited liability company gradually gift units of the company to your kids. Boom, no estate tax, the kids can't ever evict you, and then because the property is burdened by the life estate you can value the property much lower than the purchase price at time of gifting.
Statistics: Posted by JustGotScammed — Thu Oct 09, 2025 6:47 pm — Replies 5 — Views 279