Hi everyone, just had some technical questions I was looking for answers to with regards to irrevocable trusts and what you would recommend I do with some assets in there.

@Will CrockerA revocable trust in general does not provide any asset protection.However this life estate trust probably become irrevocable at the time of death of the grantor.

@Jason D. will cross check with Attorney, irrevocable or grantor trusts in conjunction with an LLC (researched) will help take it back to a possibly bad status?

Hello,Does anyone know if and how one would be able to borrow money from a home that is in an irrevocable trust.

No - DST's are Revocable - NAPT's are IRREVOCABLE - A Nevada asset protection trust (self-settled spendthrift trust) is an irrevocable trust in which the grantor may also be a permissible beneficiary.

despite the taxes that would likely apply to a sale, Remember that upon death there’s a Step up in basis for cap gains and depreciation.Not to mention the added protection of the properties being held in a irrevocable trust.Personally I think buying the portfolio would not look as good as if younas a family planned more carefully to use the tools at your disposal.

is the trust revocable or irrevocable?

I can't find my policy that has more than $450k in cash value because I made it irrevocable in a living trust.

Can you sell property that you have in an irrevocable trust?

Your entire IRA (the specific account that sold the property) would be considered immediately and irrevocably distributed.