What to do about gift taxes

[Chris Marshall]

I'm new to the investing world and I am getting my start because of a generous family member. They are gifting me property free and clear of any debt, and we are going to refinance the property and take on a loan to pay off all of our debt and use the remainder to start investing in property. But we are running into a problem with gift taxes. The total amount of the gift is going to be about 250k to 300k. What can i do to minimize the gift tax or prevent it entirely? I am trying to find professional help in my local area to answer these questions but i can not find anyone that will respond to my inquiries, since i work Monday through Friday my only option is email or voicemails since no one seems to work weekends! 

Side note if you were a legal or financial professional you would make a killing if you worked on the weekends around my area. It is very frustrating not being able to talk to someone during the times that I have available.

I say that as a complete double standard since i myself work Monday through Friday as a insurance professional and i try not to work weekends, but still!

Now back from my rant, if you know anything that could help please let me know. and if you are a professional that could help me in my local area please let me know!

I appreciate any help you have to offer in advance!

[Brandon Hall]

@Chris Marshall gifting an entire property is usually not a good idea. In these situations, we try to get creative like @Jerry W. is suggesting.

But worst case, the gift tax is not the receiver's problem but is the giver's problem. Even then, one can gift up to $5.43MM without having to worry about actually paying any tax.