California tax options

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i have a property in trying to get assumption of loan from family member. I'm not on loan or title and I'm approved to re finance loan to my name but house in California has over 100k equity. Family member has to sign grand deed for gift but I'm afraid I'll be taxed on equity gift at very high tax rate for California gift tax. Any suggestions on best alternative for last damage over all including tax?  I can...

1. Re finance to my name and have family gift me 100k in equity_ not sure tax implications

2. Purchase house at actual outstanding loan 370k at their loss from original purchase 400k or current price about 500k

3.Purchase at original or actual price. Not trying to get family member get taxed