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I am 31 years old and just joined Fooldom.

My situation is that my in-laws, who are both retired, currently own 3 vacation properties and they are looking to sell/give one of them to me and my wife. No money is owed on this vacation property and the estimated value is $125,000-150,000. My wife is an only child and, as such, their entire estate has been willed to her. We are searching for a way for us to take ownership of this property, now, in a way that will minimize my in-law's tax burden as well as ours.

Since I am very new to this, although I currently have a house, I am looking for advice as to how this can best be handled.


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