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Bob, age 72, is a widower who owns a partial interest in a ski resort in Vermont. His ownership interest in the property is currently valued at $8 million. The ski resort continues to appreciate every year, and bob’s estate is now worth $10.5 million. Bob wants to remove this property from his gross estate, and he is contemplating making a gift of his interest to his son Tyler, a successful hedge fund manager. However, Bob realizes he may need the income from the property for the rest of his life. What planning technique will meet Bob’s objectives?