Try Grantor Retained Interest Trust. I have done this for some of my clients this year to take the advantage of 2012 high free gift tax exampt amount. You change the title to your kids as a gift to them; you reserve the right to collect rents for N years (you decide the number N). When you see god the house will be kids'; before then, you are cont to be "little landlord" for N years.
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Thank you! This is also irrevocable. Right?
-lakeviewredhouse-
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12/12/2012 postreply
21:19:17
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I do not have 5 mil yet, but will have more than 5 mil later, an
-Meowi-
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12/13/2012 postreply
13:50:32