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Good afternoon. Your mother can make gifts of $13,000 per year per child under the annual gift tax exclusion. In addition, she has a $1,000,000 lifetime gift exemption which would allow her to gift another $1,000,000 worth of assets with no gift tax liability. I will tell you this, however. If she transfers it now rather than at death, the basis in such assets is carried over from her basis and if she transfers it at death, the basis is stepped up to fair market value. As a result, when you go to sell the assets, there will be a big difference in tax owed.
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You're welcome and thank you! There is no liability to the kids on the transfer of the assets from mom to kids. But, if the transfer is made before death, the kids will likely have capital gains on the subsequent sale of the assets; conversely, if the transfer is made at death, the basis gets stepped up to the fair market value at the date of death, so the subsequent sale will likely result in no capital gain and thus no tax.