Wanda Skaggs would like to avoid the time, expense, and inconvenience of probate. She also would like to reduce the size of her gross estate.

Which one of the following strategies would be most likely to meet all of Wanda's goals?

A$)$

Converting her bank accounts to payable on death $($P$.$O$.$D$.)$ accounts

B$)$

Changing the deed to her personal residence so that she has a retained life estate, with the remainder going to her children

C$)$

Retitling all of her solely owned property with her children and herself as tenants in common

D$)$

Transferring property to her son, Chauncy, in return for his promise to pay her a fixed annuity for the rest of her life based on the value of the property