Capital Gains tax-Potential for using a trust?

[Christina Torres]

I'm in the process of acquiring a rental property from my family- they have worked hard to build their business and are in the process of retirement and I want to purchase one of their properties. I've heard that you can use a trust to pass on investments to children prior to passing, the challenge (I think?) here is that I want to have the ability to sell and use this towards other investments down the line. Any thoughts on the best way to do this and avoiding capital gains tax for my family? Is a trust the best way? If so, does anyone have a recommendation in the Chicago area? Thanks!!!!