Selling home of deceased sister - Illinois

[jmd57win]

What is the name of your state? Illinois
My sister passed away and we are selling her townhouse in Illinois. We will be settling her debts after her townhouse is sold since she did not have liquid assets. I have 2 sisters and we are trying to avoid paying taxes on the balance we will share once we payoff the debts. Can you recommend ways to shelter the balance of money we will be sharing?
Thank You.
Regards,
Jon

 

[anteater]

IRA's, permanent life insurance, variable annuities, municipal bonds, tax-efficient mutual funds, 529 college savings plans....... gift it to me......

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