Ways to minimize capital gains tax

[Christian Chacon]

I have a property that I am looking to sale in the state of texas, but before doing so I was looking to see what options I have in order to minimize my capital gains tax. I realize I can always reinvest into a like investment. Is there a way to purchase a property for my children(under their names and have them claim homestead for 2 years) with the proceeds from the sale and not be taxed on it?