[KevinB]

She will have one helluva tax liability as a gift, if it truly is signed into her name.

The donor pays gift tax not the donee, so any gift tax will be Cowell's responsibility. My guess is that he will structure it in such a way that it will not be deemed a gift for tax purposes.

[tioga]

So, will the divorce settlement from her husband give her the funds to operate the estate? Housekeepers, lawn care, pool boy?