Gifted property -beneficiary

[Ryan Davidson]

My aunt and uncle have named me beneficiary in their will. They were going to sell their primary and buy something cheaper. But have since decided to stay where they are. The property is free and clear. Property was listed for 150k and have had offers, so I believe that is a good value. A couple questions I brought up was how can we protect it for them loosing to insurance companies or medical (nursing home) with declining health? Also if they gifted to me what is tax liability on gifts? If it was gifted what options to pull the equity out would I have. I thought pulling 100k in bank mortgage to use cash for other investments, pay them a percentage for the usage and would still have approximately 700$ monthly payment on 20yrs 5.5%.