As an alternative to
gifting direct interests in a family home to children, a donor can establish an
inter vivos trust for the benefit of children or other family members and make
gifts of interests in the property to such a trust during life. There are...
From the donor's
perspective, the simplest alternative for transferring a family home to
children and grandchildren is to make outright gifts of real property
interests. In this Analysis, Nancy G. Henderson discusses gifting with the
An alternative to gifting
direct interests in a family home to children or other family members is to
transfer the property to a family limited partnership (FLP) or a limited
liability company (LLC) and to make gifts of interests in the partnership or...