If I were a single guy, that's probably what I would do.Whatever you decide, it's great that you're making the effort to really honor and respect your father's legacy and maximize the gift he left you...that's awesome!  

Next time I think we will just order the major stuff and give him a gift card to get the miscellaneous stuff that we couldn't anticipate.

(I have to use cash for individual bequests, because all of my Berkshire Hathaway shares will be fully distributed to certain philanthropic organizations over the 10 years following the closing of my estate.)

i plan to spend the next 3 months renovating a property that is gifted to me.

You pay taxes, presumably vote, know people, are vocal and ought to make use of your gift for gab.Lastly, if you're not a real estate investor, maybe this could be your initial foray into becoming the fixer queen of Knoxville.

People of later generations who exhibited these characteristics are either (1) diagnosed as ADD/ADHD and are drugged until they reach puberty, or (2) put into a "fast track" school for gifted children.

And, I have a natural gift for understanding and acting in most things business.

One is to buy gift cards for other stores at the grocery store during certain periods.

Mainly:pro: asset protection, anonymity (depending on the state), estate planning (fair value gift tax exclusion every year)con: creation and maintenance cost, limit the ability to get mortgage, bookkeeping and tax reporting cost, proper use to avoid piercing the veil.LLC is not a replacement for liability and umbrella insurance.

No gift funds allowed on rental properties.