Thank you for your question
My name is Clare
I shall do my best to help you but I need some further information first.
Why dod you not wish to give the property directly to your sister?
What is the value of your assets in total?
My apologies - for some reason my answer on this was swallowed by the Ether
If the issue is one of Capital Gains and Inheritance Tax then yes a Trust would be a better option - but it certainly is not simpler than gifting it - nor cheaper.
Setting up a Trust will have it's own Tax implications in terms of annual tax returns - and will also
have relatively expensive legal costs.
However it is posisble that the benefit will indeed outweigh the expense depending of course on what the actual liability for CGT is
Please ask if you need further details
Is your living in the property a real possibility?
It is your permanent home - and if you acknowledge it as such - Register to vote there etc then you will be able to claim the CGT allowance after three years and transfer it to your niece then
You are most welcome I hope all goes well