re: Best Way to Transfer Real Estate to Heirs

I'm going assume there is no concern with the grandmother having a large enough estate to be subject to estate taxation. But if the land is very valuable and she has substantial other assets, this could be wrong. Remember that estate tax lifetime exclusion will be nearly cut in half in Jan. 1 2026 as it stands today.

It sounds like you believe the property has appreciated substantially since it was purchased. How long ago did her husband pass? Has it appreciated substantially since then?

This property would get a step-up in basis at her passing. If her Will designates the property goes to those 4 grandkids, then it will pass to them without tax consequence. If she is concerned about liability, form a LLC and put the property in it.