When a grantor transfers property or cash to a trust, whether that transfer is considered to be a gift depends upon the beneficiary(ies) and the terms of the trust.
Generally, an irrevocable transfer to a trust is a gift by the grantor to the beneficiaries. Here, however, there is a restriction (can't sell while the grantor is alive), but the beneficiaries are getting a "future interest" and there is a value that can be placed on that interest since that interest cannot be revoked (unless the trust specifies otherwise).
