If nothing else, I thought the title might catch your attention. For those who like to bleed the tax code white for all of its potential tax savings, this may be a "perfect storm" when it comes to transferring your home to your heirs. The strategy is called a "qualified personal residence trust" or a QPRT for short.
An recent article at Forbes.com introduced and then discussed the possibilities of QPRTs as tools to transfer ownership of residential houses. The "perfect storm" to which I alluded above refers to the comfluence of current low market prices on houses and the current $5 million per person lifetime gift tax exclusion (at least until December 31, 2012) to leverage wealth transfers today and with it potential appreciation tomorrow. However, nothing is perfect and the article titled "A Matter of Trust: Giving Away a Home" provides a balanced perspective. As always, look before you leap.