Quote from @Thomas Rutkowski: Seller sells to an irrevocable trust on a 30-year installment sales contract.

Have her do both a will and an irrevocable trust, with you getting the house. 

Asset Protection Trusts, Offshore Asset Protection Trusts (Cook Islands, Belize) and Irrevocable Trusts with a spendthrift clause are examples of how trusts can provide asset protection from lawsuits. 

Quote from @DeAnna McKillop-Lopez: I have been hearing a lot of people speaking about putting your holding LLC into an irrevocable trust.

Typically financing for investment properties are difficult if it's irrevocable.

Irrevocable trusts can be useful, but they’re a serious commitment.

THEODORA IRREVOCABLE TRUST DATED MARCH 25, 2011 VSMENDENHALL, BRANDON Open 2024-08-20 MortgageForeclosure-NonHomestead-2-$50,000-$249,999

I'm looking to form a revocable trust to have all my assets in it, I understand that it does not protect me as an irrevocable trust would.

I am in the process of putting final touches on Irrevocable Trust and Delaware Holding LLC with my attorney. 

Baxter, Esq.JGB November 2023 NewsletterIn March of 2023 the Internal Revenue Service made Revenue Ruling 2023-2 clarifying their interpretation of Internal Revenue Code (IRC) § 1014 regarding irrevocable trust basis adjustment at death.