A starting point with high-net-worth clients — especially those exploring real estate investments — is to emphasize that irrevocable trusts are an essential part of estate planning. This is not affected by the recent discussion of the possible elimination of all federal estate taxes. Even if irrevocable trusts are no longer created for tax reasons, they should still be created.Having appreciating real estate owned by flexible irrevocable trusts gives clients more tax planning options, whatever the tax law
Source: The beauty of trusts for real estate investing clients