Question: Vera, age 7 9 , recently had a stroke. Afraid that she may not live long enough to see her family enjoy her beach house,
Vera, age recently had a stroke. Afraid that she may not live long enough to see her family enjoy her beach house, she would like to transfer it to her daughter, Charlotte. Vera does not want to pay any gift tax or utilize any of her lifetime credit amount. Which of the following techniques, if used by Vera to transfer the beach house to Charlotte, will not result in a taxable gift?
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