Capital Gains avoidance

[Suzanne Damon]

Question: My 94-year-old father-in-law in Law is very well-balanced in assets . He has a home in WNY that is owned and was a marital primary residence until the demise of his wife. Now, if he were to sell he would owe over 200K in taxes. I am looking for ways not to be responsible for the house and yet not pay the capital gains tax?  he is very open to any creative ideas. I wonder what investors offer as a means not to have the sellers pay the gain all at once. etc.