I am soon-to-be 26, an only child, a total type-A personality, and a long-term thinker and planner.

You'd be best off speaking to your financial planner or whoever manages your fund.Good luck!

(Disclosure: I am NOT a financial planner...

And @Natalie Kolodijs right about losing the significant benefit of the step up basis when you pass as long as the property is in your name.But,  I'll bet you could craft a strategy with your estate planner to combine a 1031 exchange, a lease to the kids, and aggressively annual gifting of equity interest as a way to get where you want to while keeping capital gains at bay.

I am a planner in AZ (been in the business of regulating these for about 4 years now, until it was no longer an issue), and have ALWAYS been in favor of people being able to do this with their property.

Check with your tax guy or local financial planner.  

CPAs and financial planners told me over the years to save for retirement, open IRAs etc...

I graduated from THE Ohio State University and work full time as a Merchandise Planner for a corp retailer.

I am a Certified Financial Planner and President of a fully independent, fiduciary, investment management firm.I have been interested in real estate investing for many years and am always looking to expand my knowledge base. 

I always hire a Land Planner to make sure that my project will meet the published guidelines of the P&Z, I always go door to door to those that are directly affected, introduce myself, tell them my plans and ask them if they have any concerns or questions.