How Can My Trust Help My Kid Buy a House?

The article offers advice on how a client's irrevocable trust asset can help a beneficiary child buy a house without sacrificing the trust's tax and asset protection benefits. Suggestions include use of assets in a taxable estate and reachable by their creditors, seeking cash distributions from trust, use of home loans, use of trust as guarantor, assessing whether the child appreciates the associated financial and personal responsibilities with home ownership, and purchase by a dynastic trust.