@jumicircle wrote:
I think I have the perfect answer to this problem/dilemma. Place the property into a trust with you as beneficiary. It is a very simple process and will solve the "gift" issue entirely.
Sorry, that will not work. If the trust is a typical revocable trust, as soon as the property is placed into the trust it is considered to be a gift to the beneficiary(ies) (assuming the beneficiary is not also the grantor).
An IDGT would probably work, but that is generally reserved for investment assets (such as securities) and there are other issues that will arise as well.
