Hello. My parents plan on gifting and instead of $ would like to gift the max amount in property, 24K worth or 12K from each parent. We assume that the 24K max applies to gifting property as well as gifting $. Now the property they plan on gifting is not in their name. My mother is among many in a partnership, an LLC. My brother is the president of the LLC and will most likely not change the paperwork. How can we go about this? They would gift a % of their share in '09 and '10.