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2. Qualified personal residence trust - Wikipedia

   en.wikipedia.org/wiki/Qualified_personal...

   Residence trusts in the United States are used to transfer a grantor's residence out of the grantor's estate at a low gift tax value. Once the trust is funded with the grantor's residence, the residence and any future appreciation of the residence are excluded from the grantor's estate, if the grantor survives the term of the trust, as explained below.

3. United States trust law - Wikipedia

   en.wikipedia.org/wiki/United_States_trust_law

   But many documents will give the individual co-trustee powers that differ from the corporate trustees. For example, the individual co-trustee's rights and duties may be limited to dealing with discretionary distributions of principal and income, sale of a personal residence held in the trust, or sale of a "heartstring asset." [35]

4. Internal Revenue Code section 1031 - Wikipedia

   en.wikipedia.org/wiki/Internal_Revenue_Code...

   In highly appreciating markets, people may take the opportunity of selling their personal residence (where no capital gain is due below $250,000 for a single person or $500,000 for a married couple—see Taxpayer Relief Act of 1997) and moving into a former rental property for a specified time period in order to turn it into their new personal ...

5. 5 Reasons to Seriously Consider Using a Living Trust to Pass ...

   www.aol.com/5-reasons-seriously-consider-using...

   Another example is a qualified personal-residence trust, which removes a home from an individual's estate. When that person passes away, the family can continue residing in that home without the ...

6. Don't Sleep on This Difference: Family Trust vs. Living Trust

   www.aol.com/finance/dont-sleep-difference-family...

   There are many nuances with trust rules, so speak with your financial advisor to discuss which one is right for your personal situation. Tips on Estate Planning.

7. Trust (law) - Wikipedia

   en.wikipedia.org/wiki/Trust_(law)

   Irrevocable trust: In contrast to a revocable trust, an irrevocable trust is one in which the terms of the trust cannot be amended or revised until the terms or purposes of the trust have been completed. Although in rare cases, a court may change the terms of the trust due to unexpected changes in circumstances that make the trust uneconomical ...