Bob and Paige are married and live in a common law state.Bob owns some real estate (fair market value of $520,000)which they would like to give to their five adult married children.The spouses of their children (e.g. ,son-in-law,daughter-in-law)are to be included in the gifts.Bob and Paige do not want to use any of their unified transfer tax credit.Assuming a constant annual exclusion in the amount of $13,000,suggest a viable way to structure the transfer.

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The Answer of Bob and Paige are married and live in a common law state.Bob owns some real estate (fair market value of $520,000)which they would like to give to their five adult married children.The spouses of their children (e.g. ,son-in-law,daughter-in-law)are to be included in the gifts.Bob and Paige do not want to use any of their unified transfer tax credit.Assuming a constant annual exclusion in the amount of $13,000,suggest a viable way to structure the transfer.

Bob and Paige Are Married and Live in a Common