In the 10 years since these arrangements were made we appreciate that the law on inheritance has changed and other factors may have come into play. We may need to update our Wills but, depending upon your advice, there may be other things we should be considering.
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You may find some good advice on this forum - but I would highly recommend speaking to an tax adviser - there are a few issues here and paying for a bit of professional help will go a long way in my opinion
There is a very simple IHT solution
That would eliminate your IHT bill here and not involve your daughters re income tax etc., but as the person above said, you should contact a tax specialist (ideally a tax lawyer as accountants cannot draft deeds re property as it is a reserved activity) and you are unlikely to get good advice on your question from this forum.