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Not an estate lawyer but you can gift up to $15k per year to individuals with no federal tax and no impact to the lifetime exemption for your estate. A $100k “gift” to your parents will count towards your (and your spouse’s) lifetime exemption. Now that number is north of $13.5 million ($27+ million for couples) so unless your estate is larger than that, likely no impact by gifting the lot to pops, but you’ll want to confirm that with a lawyer.
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2021 X3 M40i
1974 2002tii, Inka, 5 sp manual
BMWCCA # 327475
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