Hi, I am new to this, my mother setup an Irrevocable trust for her Canadian grandchildren, the trust has a corp trustee. the trust owns a TX LLC which i run out of state.

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

Some types of irrevocable trusts can also preserve the step-up if structured with retained powers, while others may not, so the design really matters. 

Does it cause you to invest somewhere else when a state is irrevocably indebted and has high taxes to boot?

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

As a result, your suspended losses are not lost.If the trust was irrevocable, the answer would be different.

Also I have seen married people buy property individually in a revocable trust, irrevocable trust, or an LLC without their spouses consent.

Quote from @Tiffany Maloch: Is there anyone who set up a Non-Grantor, Irrevocable, Complex, Discretionary, Spendthrift Trust?

With an irrevocable trust, ownership transfers out of her hands, which may trigger gift tax reporting, and you’d inherit her original cost basis, like a gift, so future capital gains could be higher.

Based on the modeling I've done one of the lowest risk options and best IRR is probably for me to assist with the management today with little or no compensation and then take the property as the beneficiary of an irrevocable trust.