Long story short, my mother would like to gift me a fully paid for, double storey terrace house in JB, Johor(market value around RM480k). We have 2 options to go about this:

To put this house in her will and I will inherit it when it’s time for her to go.

To gift it to me now, through normal S&P.

She has no qualms giving it to me now, provided I don’t sell it away before she’s gone, which I have agreed (I have 2 properties under my name). So the main consideration is to know which option involves the least amount of money (legal fee, stamp duty, potential inheritance tax etc.) to make it work. Your advices in this matter are greatly appreciated.

p/s: She has another property in Shah Alam (fully paid for, double storey terrace house, market value unknown) which she likes to leave it to my elder brother. But the situation is a bit different as this house is under both my mother and my elder brother’s name. So essentially she is gifting 1/2 of the house to my brother. In this case, again what is the most economical way to make it happen?