Estate Law Questions? Ask an Estate Lawyer.
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The best way to minimize a tax liability is to put the money into a trust. This way, the money does not really belong to you, but belongs to the trust, which is controlled by a trusted trustee. See HERE. There are a number of various types of trusts, so which particular trust is best depends on nuance and your CPA/estate attorney can help advise on this.
It is best to have this set up prior to the execution of the sale.
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